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24424 N 96th Avenue Peoria, AZ 85383

3 Beds 4 Baths 3,097 sqft Built 2018

$650,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $209.88
  • 2 Days on Market
  • MLS # : 6194112
  • Updated Date : 02/13/2021 at 19:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,097 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homelogic Real Estate

Listing Agent's Description

GORGEOUS 2018 home w/gated courtyard entry & beautiful backyard pool! Designer finishes throughout! Open, expansive great room, dining & kitchen w/views of pool! Gourmet kitchen features large island, granite counter tops, maple cabinets, & upgraded gas stainless appliances including wall ovens & 5 burner gas cooktop w/vent hood. Spacious PRIVATE split main bedroom w/ensuite bath w/dual sinks, garden tub, separate shower, & huge closet w/built-ins. Backyard w/FANTASTIC pool surrounded by travertine tile + large covered patio, window bar & faux grass! 8 ft raised panel doors throughout, window shutters, Cambridge pavers at drive, walkway & courtyard! Pre-plumbed garage sink. Too many upgraded details to list here. Come see for yourself! A must see! Welcome Hom

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesquite

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Mesquite

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452293

* 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,258
Property Tax -$477
Property Insurance -$88
HOA -$12
Property Management Fees -$99
CASH FLOW
-$403

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.

$650,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,795

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3954$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 24424 N 96th Avenue Peoria, AZ 1
    • 3 beds 4 baths ∙ 3,097 Sqft ∙ Built 2018 3 beds 4 baths ∙ 3,097 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10765 W Bronco Trail Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2016
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 9950 W Via Del Sol -- Peoria, AZ 3
    • 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
  • 9361 W Daley Lane Peoria, AZ 4
    • 4 beds 4 baths ∙ 3,003 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,003 Sqft ∙ Built 2018
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
  • 9512 W Whitehorn Way Peoria, AZ 5
    • 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2017
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Timothy J Cusick
Homelogic Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194112
Last Updated: 02/13/2021
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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