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25919 N 92nd Avenue Peoria, AZ 85383

4 Beds 5 Baths 4,288 sqft Built 2004

$1,000,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $233.21
  • 2 Days on Market
  • MLS # : 6155894
  • Updated Date : 11/14/2020 at 13:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,288 sqft
  • Baths : 5 full
Listing Agent

Swallows & Associates Realty

Listing Agent's Description

You'll love this home situated on 1.2 acre lot with mountain & desert views in very private gated community of only 4 custom homes and comes with attached 4 car garage and an RV garg with bath. Interior features huge great room with fireplace, formal dining room, a center island kitchen with all the amenities, large breakfast bar. Owners suite has walk in shower, dual walk in closets, dual vanities, jacuzzi. Secondary bedrooms all ensuite and very spacious.

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
Frontier Elementary School Primary Regular 944 44 9
Frontier Elementary School Middle Regular 944 44 9
Sunrise Mountain High School High Regular 1,675 72 7

Frontier Elementary School

  • Education Level: Primary
  • # of students: 944
  • # of teachers: 44
9
GreatSchools Rating

Frontier Elementary School

  • Education Level: Middle
  • # of students: 944
  • # of teachers: 44
9
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,690
Property Tax -$552
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$1,261

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.

$1,000,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.32%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$988

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,656

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1903$3,6004$3,7005$4,500
$4,500
RENT COMPS ANALYSIS
  • 25919 N 92nd Avenue Peoria, AZ 2
    • 4 beds 5 baths ∙ 4,288 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,288 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.74
    •  
  • 9790 W Maya Way Peoria, AZ 1
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.67
    •  
  • 22767 N 91st Drive Peoria, AZ 3
    • 4 beds 5 baths ∙ 4,391 Sqft ∙ Built 2019 4 beds 5 baths ∙ 4,391 Sqft ∙ Built 2019
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.82
    •  
  • 8653 W Rowel Road Peoria, AZ 4
    • 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.87
    •  
  • 25995 N 85th Lane Peoria, AZ 5
    • 5 beds 5 baths ∙ 4,300 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,300 Sqft ∙ Built 2003
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Gary Swallows
Swallows & Associates Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155894
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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