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22076 N 103rd Lane #351 Peoria, AZ 85383

3 Beds 3 Baths 1,375 sqft Built 2005

$280,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $203.64
  • 2 Days on Market
  • MLS # : 6203421
  • Updated Date : 03/06/2021 at 19:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,375 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Incredible! A fantastic 3 bed, 2.5 bath property located in North Peoria with Community Pool is now on the market at an amazing price! Featuring a beautiful facade with brick veneer accents, desert landscaping along with a cozy front patio, and a 2 car rear entry garage, you simply have to come see it to believe it! Inside you will find newly added wood plank tile flooring, shiplap wall in foyer, elegant dining and living areas as well as a charming kitchen equipped with ample white cabinetry. You'll love the fabulous master bedroom, which includes a spacious walk-in closet and a full bath with double sinks. New Cabinets added at laundry, Floating Shelves in Kitchen, Custom Gas Piping, Concrete Top, and basin sink vanity and wainscoting at powder room. This one feels like home!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Willow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452046

* 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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating

Liberty High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$973
Property Tax -$171
Property Insurance -$54
HOA -$42
Property Management Fees -$99
CASH FLOW
$181

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.

$280,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$32,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4254$1,4755$1,520
$1,520
RENT COMPS ANALYSIS
  • 22076 N 103rd Lane #351 Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.11
    •  
  • 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
    •  
  • 22026 N 103rd Lane #358 Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2005
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
  • 10518 W Via Del Sol -- Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.16
    •  
  • 10514 W Louise Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.20
    •  
PROPERTY LISTING DETAILS
Jake Wright
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203421
Last Updated: 03/06/2021
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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