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19516 N 90th Lane Peoria, AZ 85382

2 Beds 2 Baths 1,451 sqft Built 1992

$337,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $232.25
  • 2 Days on Market
  • MLS # : 6206587
  • Updated Date : 03/13/2021 at 00:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,451 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

SPOTLESS & MOVE IN READY 2 BR, 2 BA, 1,451 sf home right in the heart of desirable Westbrook Village. This popular Papago model has been modified to create a spacious ''great room'' concept. Large kitchen with all NEW appliances, breakfast bar plus breakfast nook with bay window. Gas stub for range. Master BR suite boasts walk in closet, double sinks & walk in shower. NEW ROOF 2014. NEW AC 2011. Extended 2.5 car garage has space for a work area or golf cart. Large laundry room with cabinets & fridge (included). Oversized lot with front courtyard & extended back patio. Lots of beautiful mature landscape. Fabulous adult community with golf courses, pools, spas, restaurants, RV storage plus 2 rec centers offering tons of activities & crafts. Perfect retirement or snowbird home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: St. Andrews Place at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k355k

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

Neighborhood: St. Andrews Place at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181954

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

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

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$303,300$370,700$337,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,171
Property Tax -$183
Property Insurance -$55
HOA -$5
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 14% of earned rent to cover both maintenance and periods of vacancy.

$337,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,055

INVESTMENT

$95,055

Down Payment
$84,250
Rehab Estimate
$5,750
Closing Costs
$5,055

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,250
Loan Amount $252,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,041

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
  • $1,426

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 19516 N 90th Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,451 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,451 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 20023 N 98th Avenue Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1988
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 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
    •  
  • 9158 W Chino Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1994
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Carol Veneroso
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206587
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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