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22497 N 76th Drive Peoria, AZ 85383

5 Beds 3 Baths 3,122 sqft Built 2002

$535,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $171.36
  • 4 Days on Market
  • MLS # : 6186694
  • Updated Date : 01/29/2021 at 17:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,122 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Absolutely stunning home on premium, oversized lot in beautiful Fletcher Heights subdivision. Home backs onto New River wash offering incredible mountain panoramas, peaceful, private location. Gorgeous eat in kitchen w/ rich cabinetry, beautiful granite counters, gleaming stainless steel appliances, huge island with breakfast bar, gas range, large pantry. Comfortable family room w/elegant stacked stone fireplace. Large formal living/dining room. Upstairs is a huge loft suitable as game room, reading area, 2nd family room. Spacious primary bedroom w/ balcony has amazing views. Elegant primary bathroom, enormous shower, walk in closet. Other 4 bedrooms very spacious, 3 with walk in closets. Huge backyard with sparkling pool, firepit, BBQ, extended pavers, covered patio. Exceptional property!

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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,858
Property Tax -$364
Property Insurance -$88
HOA -$15
Property Management Fees -$99
CASH FLOW
$26

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.

$535,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.46%

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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$31,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,646

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,6504$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 22497 N 76th Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.78
    •  
  • 21672 N Geraldine Drive Peoria, AZ 1
    • 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
    •  
  • 23826 N 65th Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 1999
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.90
    •  
  • 7017 W Melinda Lane Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.83
    •  
  • 7584 W Firebird Drive Glendale, AZ 5
    • 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Max Shadle
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186694
Last Updated: 01/29/2021
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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