Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

26308 N Thornhill Drive Peoria, AZ 85383

4 Beds 3 Baths 3,009 sqft Built 2021

$429,990

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $142.90
  • 3 Days on Market
  • MLS # : 6181612
  • Updated Date : 01/15/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,009 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Gigantic Kitchen Island Seamlessly Transitions to the Great Room and Dining Area. Sliding glass door from the great room to the covered patio for easy indoor outdoor living. Den and Loft allow for additional living space. Private Second Floor Master Bedroom at Rear of Home Includes a Sprawling walk in Closet. Spacious Secondary Bedrooms with the added bonus of Walk-in Closets. Second Floor Laundry Room. Option to convert the den to a 5th bedroom with bathroom. Option to convert 3 car tandem garage to guest retreat with bathroom. Option to convert second floor storage closet to bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k358k

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

Neighborhood: Rancho Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Lake Pleasant Elementary School Primary Regular 425 24 9
Lake Pleasant Elementary School Middle Regular 425 24 9
Liberty High School High Regular 2,141 93 6

Lake Pleasant Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Lake Pleasant Elementary School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$386,991$472,989$429,990

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,494
Property Tax -$296
Property Insurance -$86
HOA -$55
Property Management Fees -$99
CASH FLOW
$391

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$429,990

PROJECTED PRICE

$2,420

PROJECTED RENT

0.56%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$115,947

INVESTMENT

$115,947

Down Payment
$107,498
Rehab Estimate
$2,000
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,498
Loan Amount $322,493
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$69,448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,447

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,2003$2,3004$2,420
$2,420
RENT COMPS ANALYSIS
  • 26308 N Thornhill Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.80
    •  
  • 12125 W Desert Moon Way Peoria, AZ 1
    • 5 beds 3 baths ∙ 2,719 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,719 Sqft ∙ Built 2016
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.79
    •  
  • 12268 W Paso Trail Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,719 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,719 Sqft ∙ Built 2014
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 23112 N Sol Mar Court Sun City West, AZ 3
    • 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 2005
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
PROPERTY LISTING DETAILS
Ashley Pickens
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181612
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy