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26076 N 73rd Drive Peoria, AZ 85383

5 Beds 4 Baths 3,591 sqft Built 2004

$695,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $193.54
  • 8 Days on Market
  • MLS # : 6210316
  • Updated Date : 03/21/2021 at 17:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,591 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Realty Gurus

Listing Agent's Description

Spacious, 5 Bed/3.5 bath home, built on a huge lot, a driveway that can accommodate six cars!!. You will love everything about this home, Grand entrance, Fresh new interior paint, wood flooring, pebbletec pool, extra gaming room downstairs, full bath and bedroom downstairs, the open floor plan is so very popular, one of the best homes in the community!

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
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

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

Mountain Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,414
Property Tax -$507
Property Insurance -$97
HOA -$9
Property Management Fees -$99
CASH FLOW
-$776

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.

$695,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.34%

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$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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$825

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
  • $2,559

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,5955$2,750
$2,750
RENT COMPS ANALYSIS
  • 26076 N 73rd Drive Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,591 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,591 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7164 W Paso Trail Peoria, AZ 2
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 25444 N 68th Lane Peoria, AZ 3
    • 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.67
    •  
  • 25950 N 84th Lane Peoria, AZ 4
    • 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.71
    •  
  • 7882 W Molly Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 3,807 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,807 Sqft ∙ Built 2008
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.72
    •  
PROPERTY LISTING DETAILS
Aijaz Ansari
The Realty Gurus
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210316
Last Updated: 03/21/2021
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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