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19421 N 98th Avenue Peoria, AZ 85382

2 Beds 2 Baths 1,532 sqft Built 1985

INVESTimate

$299,500

List Price

$1,400

$1,260 - $1,540

Rent Est.

$317,171  ( +5.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $195.50
  • 7 Days on Market
  • MLS # : 6119832
  • Updated Date : 08/21/2020 at 14:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

WESTBROOK VILLAGE ! - Great move-in ready 2 bedroom, 2 bathroom Modified Stratton - Some plantation shutters - West windows replaced with dual pane windows - Recently replaced shingle roof (2015)- Newer A/C (2015) - Large center island - 2 Patios (1 screened-in and 1 open) - Large back yard with raised flower bed along back wall - Entire flooring replaced (2019)with Nucore flooring (wood design) - New kitchen appliances (2019) - Exterior painted 2015 - See this gem today !!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heatherbrook at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Heatherbrook at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9201793

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Apache Elementary School Primary Regular 756 38 8
Apache Elementary School Middle Regular 756 38 8
Sunrise Mountain High School High Regular 1,675 72 7

Apache Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Apache Elementary School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,105
Property Tax -$163
Property Insurance -$57
HOA -$54
Property Management Fees -$99
CASH FLOW
-$78

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,500

PROJECTED PRICE

$1,400

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.90%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,986

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,513

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,5954$1,6005$1,645
$1,645
RENT COMPS ANALYSIS
  • 19421 N 98th Avenue Peoria, 1
    • 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9833 W Menadota Drive Peoria, 2
    • 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1988
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.01
    •  
  • 9145 W Chino Drive Peoria, 3
    • 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1993
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 9214 W Topeka Drive Peoria, 4
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 19747 N 92nd Avenue Peoria, 5
    • 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lois Schipper
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119832
Last Updated: 08/21/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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