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22504 N 100th Avenue Peoria, AZ 85383

3 Beds 3 Baths 2,021 sqft Built 2018

$459,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $227.12
  • 4 Days on Market
  • MLS # : 6200602
  • Updated Date : 03/05/2021 at 15:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,021 sqft
  • Baths : 2 full , 1 half
Listing Agent

Aartie Aiyer Realty Llc

Listing Agent's Description

Excellent location, woodside home located in the highly desirable Meadows community in North Peoria! Pavered driveway. Open floor plan with upgraded tiled floors and 9ft ceilings with 8ft doors, 12ft slider patio door, Gourmet Kitchen with Gas range, big hood and upgraded granite countertops, tons of cabinet space, and large pantry! Great room is perfect for entertaining, with surround speakers. 3BEDS plus BONUS room! Large Master bedroom with dual sinks, tub & shower. security system, Refrigerator, washer/Dryer are upgraded, Backyard features Pavers and artificial turf, enjoy the water feature, spacious side yard to put a basketball area. The school district is excellent! community features a recreation center, community pool, tennis courts and surrounding parks

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
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,594
Property Tax -$291
Property Insurance -$67
HOA -$80
Property Management Fees -$99
CASH FLOW
-$251

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.

$459,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.41%

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$1.2M

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,082

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,9003$1,9004$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 22504 N 100th Avenue Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.93
    •  
  • 9954 W Louise Drive Peoria, AZ 2
    • 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 3
    • 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
    •  
  • 10517 W Sands Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1998
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 10213 W Daley Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Aartie Aiyer
Aartie Aiyer Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200602
Last Updated: 03/05/2021
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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