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26063 N 83rd Drive Peoria, AZ 85383

3 Beds 2 Baths 2,075 sqft Built 2004

$449,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $216.82
  • 5 Days on Market
  • MLS # : 6153910
  • Updated Date : 10/30/2020 at 11:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,075 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Super clean move-in ready home on premium private lot with stunning stunning mountain views! Home is 2075 sqft, 3 beds, 2 baths, formal dining can also be den/home office with an open great room feel. Upgraded kitchen with 42'' staggered maple cabinets, walk-in pantry, rollout shelves, double in-wall ovens and large breakfast island overlooking a spacious yet cozy family room. Retreat to the large owners suite with big walk-in closet. Relax on the covered patio while enjoying the gorgeous Arizona views as this desirable home backs to a desert preserve with no houses behind. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k436k

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

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452176

* 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
West Wing School Primary Regular 1,046 51 9
West Wing School Middle Regular 1,046 51 9
Sandra Day O'connor High School High Regular 2,481 108 6

West Wing School

  • Education Level: Primary
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

West Wing School

  • Education Level: Middle
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,660
Property Tax -$320
Property Insurance -$68
HOA -$21
Property Management Fees -$99
CASH FLOW
-$437

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.

$449,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7953$1,9004$1,9955$2,195
$2,195
RENT COMPS ANALYSIS
  • 26063 N 83rd Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,075 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,075 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.83
    •  
  • 26807 N 84th Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 27121 N 84th Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 2,198 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,198 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 26913 N 83rd Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2003
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 26449 N 84th Drive Peoria, AZ 5
    • 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 2003
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
PROPERTY LISTING DETAILS
Spero Pagos
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153910
Last Updated: 10/30/2020
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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