Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

25339 N 69th Avenue Peoria, AZ 85383

5 Beds 4 Baths 3,325 sqft Built 2017

$710,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $213.53
  • 2 Days on Market
  • MLS # : 6183927
  • Updated Date : 01/23/2021 at 18:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,325 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful RV Garage home in the highly desired Terramar Cove community. It has 5 bedrooms, 3.5 baths, office and loft area. The garage features Epoxy floors throughout, 50ft RV garage with doors also opening into beautiful backyard. Large Downstairs Master bedroom with walk-in shower and tub. The kitchen has a large island, farmhouse sink, beautiful granite and backsplash, wall mounted oven & microwave, and gas appliances. Upstairs you have the other 4 bedrooms with a huge loft. Out front the paver driveway was extended through the RV gate. In the Backyard no expenses were spared!! Beautiful Pool with a built in Gazebo, swin up bar, Jacuzzi, Fire Pit, Putting Green and more!!! This is a must see!! Too many upgrades to list!!

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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Mountain Ridge High School High Regular 2,206 94 7

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,466
Property Tax -$475
Property Insurance -$92
HOA -$110
Property Management Fees -$99
CASH FLOW
-$722

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.

$710,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.35%

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$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,619

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
  • $2,710

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,7004$2,7005$2,995
$2,995
RENT COMPS ANALYSIS
  • 25339 N 69th Avenue Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,325 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,325 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7440 W Tether Trail Peoria, AZ 2
    • 6 beds 3 baths ∙ 3,176 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,176 Sqft ∙ Built 2001
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
  • 7432 W Honeysuckle Drive Peoria, AZ 3
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
  • 7315 W Briles Road Peoria, AZ 4
    • 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
  • 26154 N 67th Lane Peoria, AZ 5
    • 5 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Roberto Ramos
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183927
Last Updated: 01/23/2021
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.

BESbswy