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24029 N 82nd Avenue Peoria, AZ 85383

3 Beds 2 Baths 2,263 sqft Built 1999

$795,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $351.30
  • 3 Days on Market
  • MLS # : 6209292
  • Updated Date : 03/19/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,263 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Welcome to this amazing property. If you are looking for a place for your toys, cars, RV's - this is it. Check out the approx 1600 sf RV Garage- 15 feet tall - plenty of room AND the attached casita is perfect for an office or as a guest house. Plumbing in place to add a kitchen sink. See the attached list of electrical extras. The House features new carpet and paint, vaulted ceiling, raised panel doors and more. The updated kitchen has upgraded cherry wood cabinets with lots of decorator features such as the glass doors - loads of storage and drawers. Enjoy the Jen-air trash compactor and Bosch Dishwasher. Double Ovens and even a kitchen island - perfect for cooking or entertaining. Granite Countertops too!! And then you have the bathrooms! Both have been updated with cherry

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k524k

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

Neighborhood: Eagle Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452817

* 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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,761
Property Tax -$432
Property Insurance -$71
HOA -$47
Property Management Fees -$99
CASH FLOW
-$1,031

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.

$795,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,122

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,9953$2,1004$2,1955$2,380
$2,380
RENT COMPS ANALYSIS
  • 24029 N 82nd Avenue Peoria, AZ 5
    • 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.05
    •  
  • 8812 W Pinnacle Peak Road Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1997
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 22039 N 76th Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002
    LEASED 03/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 9137 W Camino De Oro -- Peoria, AZ 3
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1997
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 7417 W Candelaria Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1995
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.06
    •  
PROPERTY LISTING DETAILS
Deborrah Parkans
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209292
Last Updated: 03/19/2021
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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