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24815 N 106th Drive Peoria, AZ 85383

4 Beds 3 Baths 2,725 sqft Built 2017

$540,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $198.17
  • 1 Days on Market
  • MLS # : 6187979
  • Updated Date : 01/30/2021 at 23:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,725 sqft
  • Baths : 3 full
Listing Agent

Bell Realty

Listing Agent's Description

Amazing home, move in ready! Over 10,000 square foot lot in a cul-de-sac with a pool. 4 bedroom, 3 full bath, elegant kitchen with all stainless steel appliances, gas 5 burner cook top, built in microwave, built in oven, stainless hood vent, granite countertops, soft close hinges, shelf slides, large double sliding exterior patio door, bedroom down stairs, full bathroom down stairs with granite countertops, den/ office/ flex room down stairs, plank tile in downstairs common areas. The stairs have wood balusters, second floor laundry with washer and dryer included, large owner's suite with snail shower, two shower heads, double vanity sinks, large walk in closet, two more bedrooms upstairs both with walk in closets. Plus Owned Solar!!!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k401k

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

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452128

* 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
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,876
Property Tax -$322
Property Insurance -$80
HOA -$54
Property Management Fees -$99
CASH FLOW
-$261

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.

$540,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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-$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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$12,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1703$2,1954$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 24815 N 106th Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.80
    •  
  • 10814 W Avenida Del Rey -- Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2012
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
  • 26025 N 107th Drive Peoria, AZ 3
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2016
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.78
    •  
  • 10568 W El Cortez Place Peoria, AZ 4
    • 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2013
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 10765 W Bronco Trail Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2016
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Nicholas Gionet
Bell Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187979
Last Updated: 01/30/2021
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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