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22720 N 103rd Lane Peoria, AZ 85383

4 Beds 2 Baths 2,286 sqft Built 2000

$389,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $170.17
  • 4 Days on Market
  • MLS # : 6156688
  • Updated Date : 11/07/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,286 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Prepare to be amazed! Come and see this wonderful 4 bed, 2 bath property now for sale in Peoria! A beautiful facade, desert landscaping, 3 car garage, this home has it all and more! The lavish interior boasts vaulted ceilings, large dining and living areas, a cozy fireplace, and designer paint throughout. The fabulous kitchen could make a chef jealous, with its ample cabinet and counter space, pantry, tile backsplash, stainless steel appliances, track lighting, and island with breakfast bar. Inside the grandiose master bedroom you will find a private exit, a spacious walk-in closet, and full bath with double sinks, not to mention separate tub and shower. Also including a stunning backyard with a covered patio, a sparkling blue pool, and a heated spa, this home is simply perfect!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ironwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Ironwood Estates

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
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
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,435
Property Tax -$268
Property Insurance -$72
HOA -$13
Property Management Fees -$99
CASH FLOW
-$167

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.

$389,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,7203$1,7954$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 22720 N 103rd Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.75
    •  
  • 10253 W Country Club Trail Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2000
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
  • 22332 N 104th Lane Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2005
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 22218 N 104th Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 9983 W Los Gatos Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
PROPERTY LISTING DETAILS
David C Zajdzinski
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156688
Last Updated: 11/07/2020
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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