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26282 N 106th Drive Peoria, AZ 85383

3 Beds 3 Baths 2,183 sqft Built 2018

$525,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $240.49
  • 3 Days on Market
  • MLS # : 6190140
  • Updated Date : 02/06/2021 at 21:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,183 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vendita Realty, Llc

Listing Agent's Description

THIS. IS. IT. You've finally found a house that has every single thing you have been looking for! Okay, well except for the pool. Just look at that massive multi sliding back door! In the summer at 5pm, when the sun is beating down on your baseball hat, you can easily lower the shades with the click of a button. Look at all that amazing backyard space! RV Gate, 3 car garage, 9,585 sf lot. This place has so much room for everything you'll ever need! This is one of the hidden gem neighborhoods in the incredibly popular and affluent North Peoria district. Why wait in a drawing to maybe build a house in 8-10 months? You can have everything your heart desires right here, right now. If you had one shot or one opportunity to seize everything you ever wanted in one moment. Would you capture it?

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k401k

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

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452128

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

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

Sunrise Mountain High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,824
Property Tax -$314
Property Insurance -$70
HOA -$19
Property Management Fees -$99
CASH FLOW
-$215

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.

$525,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,303

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,110
1$2,1102$2,1953$2,1954$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 26282 N 106th Drive Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.97
    •  
  • 10748 W Bronco Trail Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
  • 10831 W Bronco Trail Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
  • 25214 N 106th Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 2019
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
  • 10783 W Whitehorn Way Peoria, AZ 5
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Nicholas Cianciola
Vendita Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190140
Last Updated: 02/06/2021
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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