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22149 N 80th Drive N Peoria, AZ 85383

4 Beds 3 Baths 2,946 sqft Built 2000

$624,950

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $212.14
  • 2 Days on Market
  • MLS # : 6193883
  • Updated Date : 02/13/2021 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,946 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

GORGEOUS RESORT-LIKE 2,911sqft CUL-DE-SAC HOME LOCATED IN HIGHLY SOUGHT AFTER COMMUNITY OF FLETCHER HEIGHTS. 4+ BEDROOMS, 3 BATHS, 3 CAR GARAGE, EXPANSIVE BACK PATIO & YARD WITH SPARKLING POOL & WATERFALL. YOU'LL LOVE THE LARGE EAT-IN KITCHEN WITH MULTIPLE PREP AREAS, GAS COOK-TOP, DOUBLE OVENS, BUILT-IN MICROWAVE & SIZEABLE WALK-IN PANTRY. LIGHT & BRIGHT OPEN LIVING AREAS, SPLIT FLOOR-PLAN IS ANCHORED BY AN EXPANSIVE LIVING/DINING AREA WITH VAULTED CEILINGS. LARGE OWNER'S SUITE WITH PRIVATE EXIT TO BACKYARD. THE *BIG BONUS* IS THE FLEX ROOM w/PRIVATE PATIO & ENTRANCE NOW BEING USED AS A GUEST SUITE LIVING ROOM W/KITCHENETTE & FULL BATHROOM NEXT TO BEDROOM #3. ENTRY GATES FROM EITHER SIDE YARDS + 2 STORAGE UNITS. LARGE 3 CAR GARAGE W/CABINITRY & UTILITY SINK. ++ LOW YARD MAINTENANCE WITH

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fletcher Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Fletcher Heights

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
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
 

$562,455$687,445$624,950

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,171
Property Tax -$425
Property Insurance -$85
HOA -$15
Property Management Fees -$99
CASH FLOW
-$364

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.

$624,950

PROJECTED PRICE

$2,430

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,362

INVESTMENT

$171,362

Down Payment
$156,238
Rehab Estimate
$5,750
Closing Costs
$9,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,238
Loan Amount $468,713
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,448

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
  • $2,681

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3494$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 22149 N 80th Drive N Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21672 N Geraldine Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 8611 W Alex Avenue Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
  • 7586 W Crystal Road Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,918 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,918 Sqft ∙ Built 2012
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
  • 8031 W Via Del Sol -- Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Melanie Taylor
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193883
Last Updated: 02/13/2021
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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