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19429 N 83rd Drive Peoria, AZ 85382

2 Beds 2 Baths 1,448 sqft Built 1997

$265,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $183.01
  • 2 Days on Market
  • MLS # : 6165566
  • Updated Date : 11/28/2020 at 12:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,448 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nice original St Thomas model in great condition. Kitchen is in back by patio. Tile in entry, hall bath and kitchen, all other areas are carpet. Beautiful community with community pools, spa, tennis courts, recreation centers, fitness center, golf courses, pickle ball courts, bocce ball courts, horseshoe pits and more! Westbrook Village is a very well maintained and desirable adult community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scotland Hills at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Scotland Hills at Westbrook Village

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10301981

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$978
Property Tax -$145
Property Insurance -$55
HOA -$26
Property Management Fees -$99
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$25,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,361

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3953$1,4004$1,5955$1,645
$1,645
RENT COMPS ANALYSIS
  • 19429 N 83rd Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,448 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,448 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.95
    •  
  • 9127 W Menadota Drive Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 7484 W Denaro Drive Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,586 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,586 Sqft ∙ Built 2000
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 9145 W Chino Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1993
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 19747 N 92nd Avenue Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.98
    •  
PROPERTY LISTING DETAILS
Don Paulsen
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165566
Last Updated: 11/28/2020
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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