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21237 N 92nd Avenue Peoria, AZ 85382

4 Beds 3 Baths 3,291 sqft Built 1999

$424,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $128.84
  • 4 Days on Market
  • MLS # : 6162340
  • Updated Date : 11/19/2020 at 19:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,291 sqft
  • Baths : 3 full
Listing Agent

Ridgecrest Realty

Listing Agent's Description

Big beautiful home in Dove Valley Ranch. Large kitchen with spacious island & pantry opens to living room. Huge master bedroom and en suite with seperate shower & tub, walk-in closet. Beautiful green backyard with covered patio and pavered side areas. AC's replaced in 2017. Water heater in 2018.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peoria Mountain Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Peoria Mountain Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Coyote Hills Elementary School Primary Regular 867 41 8
Coyote Hills Elementary School Middle Regular 867 41 8
Sunrise Mountain High School High Regular 1,675 72 7

Coyote Hills Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 41
8
GreatSchools Rating

Coyote Hills Elementary School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 41
8
GreatSchools Rating

Sunrise Mountain High School

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

$381,600$466,400$424,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,564
Property Tax -$289
Property Insurance -$91
HOA -$45
Property Management Fees -$99
CASH FLOW
$122

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.

$424,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,110

INVESTMENT

$118,110

Down Payment
$106,000
Rehab Estimate
$5,750
Closing Costs
$6,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,000
Loan Amount $318,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$40,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,534

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2103$2,2954$2,3495$2,395
$2,395
RENT COMPS ANALYSIS
  • 21237 N 92nd Avenue Peoria, AZ 2
    • 4 beds 3 baths ∙ 3,291 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,291 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.67
    •  
  • 8627 W Irma Lane Peoria, AZ 1
    • 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
  • 10618 W Lone Cactus Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 8611 W Alex Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
  • 9950 W Via Del Sol -- Peoria, AZ 5
    • 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
Bonny Imperatrice
Ridgecrest Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162340
Last Updated: 11/19/2020
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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