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25444 N 73rd Avenue Peoria, AZ 85383

4 Beds 2 Baths 2,451 sqft Built 2001

$429,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $175.40
  • 3 Days on Market
  • MLS # : 6160016
  • Updated Date : 11/14/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,451 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Move-In Ready - Inviting Front Entry - Amazing Lot with Views - Gourmet Kitchen with Viking Range - Honey-Glazed Cabinetry - Granite Countertops - Travertine Stone Backsplash - Stainless Steel Appliances - Posh Ceramic Tile Flooring - Designer Paint - Large Plantation Shutters Throughout - Vaulted Ceiling - Cozy Fireplace - Upgraded Fixtures - 4th BR can be Home Office/Entertaining Room - Bonus Room - Luxurious Master Suite - Separate Relaxing Tub and Travertine Shower - Dual Sinks - Large Walk-In Closet - Private Backyard with view of green belt/common area - Pebble-Tec Pool - Built-in BBQ Area - Views - Garage with Epoxy Flooring and Storage Cabinetry

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terramar

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k391k

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

Neighborhood: Terramar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452119

* 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,586
Property Tax -$284
Property Insurance -$75
HOA -$23
Property Management Fees -$99
CASH FLOW
$63

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.

$429,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.50%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$35,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,335

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1303$2,2504$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 25444 N 73rd Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,451 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,451 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.87
    •  
  • 7345 W Paso Trail Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 26237 N 74th Lane Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 7795 W Rock Springs Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2012
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 6816 W Bronco Trail Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,569 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,569 Sqft ∙ Built 2001
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Katie Culver
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160016
Last Updated: 11/14/2020
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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