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20625 N 103rd Avenue Peoria, AZ 85382

3 Beds 2 Baths 1,456 sqft Built 1998

INVESTimate

$257,500

List Price

$1,320

$1,188 - $1,452

Rent Est.

$277,070  ( +7.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $176.85
  • 7 Days on Market
  • MLS # : 6120236
  • Updated Date : 08/20/2020 at 18:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Amazing Ventana Lakes Home! This home has it all, Large Open Floor-plan, Vaulted Ceilings, Living Room, Family Room, Large Open Kitchen with New Stove, Dishwasher and Microwave. The Landscaped Backyard has a Large Covered Patio. Definitely a MUST SEE!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highlands at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Highlands at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621793

* 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
Parkridge Elementary School Primary Regular 896 41 9
Parkridge Elementary School Middle Regular 896 41 9
Sunrise Mountain High School High Regular 1,675 72 7

Parkridge Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Parkridge Elementary School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Sunrise Mountain High School

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

$231,750$283,250$257,500

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$950
Property Tax -$177
Property Insurance -$56
HOA -$106
Property Management Fees -$99
CASH FLOW
-$68

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.

$257,500

PROJECTED PRICE

$1,320

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.60%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,988

INVESTMENT

$73,988

Down Payment
$64,375
Rehab Estimate
$5,750
Closing Costs
$3,863

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$950

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,375
Loan Amount $193,125
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,358

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4003$1,4754$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 20625 N 103rd Avenue Peoria, 1
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.91
    •  
  • 10505 W Tonopah Drive Peoria, 2
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 10384 W Tonopah Drive Peoria, 3
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2000
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 9759 W Mohawk Lane Peoria, 4
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 9817 W Potter Drive Peoria, 5
    • 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Julie Goodwin
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120236
Last Updated: 08/20/2020
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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