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20709 N 106th Avenue Peoria, AZ 85382

3 Beds 2 Baths 1,440 sqft Built 1999

$279,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $193.75
  • 3 Days on Market
  • MLS # : 6205648
  • Updated Date : 03/14/2021 at 02:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful curb appeal as you arrive in front of this Ventana Lakes home! Enter to see open floor plan with wood flooring in formal living room/dining room. Kitchen has granite countertops, stainless steel appliances, plenty of storage space and light wood cabinetry with eat in area. Family room/den has neutral carpet. Well maintained super clean with 3 bedrooms and 2 baths. Both bathrooms have granite countertops. Spacious ensuite has neutral carpet with walk-in shower with grab bars, walk-in closet. Easy care desert landscape dresses the front yard while the back boasts a covered patio with swing. Two car garage has built-in cabinetry and a work space. Come enjoy resort lifestyle at Ventana Lakes with pools, sports courts and rec centers! Close to shopping & restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Park at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: North Park 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
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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$969
Property Tax -$192
Property Insurance -$55
HOA -$32
Property Management Fees -$99
CASH FLOW
$12

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.

$279,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3603$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 20709 N 106th Avenue Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.94
    •  
  • 21976 N 103rd Lane #363 Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2006
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 10505 W Tonopah Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 19565 N 110th Lane Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 10325 W Sands Drive #459 Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Pamela Jackson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205648
Last Updated: 03/14/2021
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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