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22488 N 100th Avenue Peoria, AZ 85383

3 Beds 2 Baths 1,742 sqft Built 2018

$455,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $261.19
  • 2 Days on Market
  • MLS # : 6181832
  • Updated Date : 01/16/2021 at 04:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Come check out this beautiful 3 bed 2 bath home in the highly desired Meadows community. You have beautiful wood like laminate throughout the whole home with carpet in the bedrooms. Nice open floor plan with the master bedroom split from the other rooms. Beautifully updated kitchen with island table and apron sink. Large master bedroom with walk-in closet that has custom built ins. This home has a ton of upgrades throughout with cabinets in the laundry and bedroom hallway, crown molding, mudroom bench with shiplap and so much more! In the great room you have a 12' multi slide door that opens up to a huge yard. The backyard is set up with a paver overlay heading out to a pad with many possibilities. Come check this one out before its to late!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camino Lago

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $93k449k

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

Neighborhood: Camino Lago

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452237

* 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
Sunset Heights Elementary School Primary Unknown 831 37 NA
Liberty High School High Regular 2,141 93 6

Sunset Heights Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 37
NA
GreatSchools Rating

Liberty High School

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

$409,500$500,500$455,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,580
Property Tax -$288
Property Insurance -$61
HOA -$80
Property Management Fees -$99
CASH FLOW
-$299

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.

$455,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,8503$1,9004$1,9005$2,050
$2,050
RENT COMPS ANALYSIS
  • 22488 N 100th Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.04
    •  
  • 22225 N 102nd Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 9954 W Louise Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2015
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 22265 N 102nd Lane Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 22403 N 99th Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jared Nathey
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181832
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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