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26367 N 73rd Avenue Peoria, AZ 85383

4 Beds 3 Baths 2,507 sqft Built 2001

$515,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $205.42
  • 3 Days on Market
  • MLS # : 6181677
  • Updated Date : 01/16/2021 at 23:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,507 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Fantastic single level home on extra large cul-de-sac lot in wonderful Terramar. New Triple Pane windows installed in 2019.4bed/2.5bath, 2507 sq.ft. Formal living and dining room, family room, high ceilings, Beautiful kitchen with granite countertops in bright kitchen with large breakfast bar and breakfast nook. Kitchen opens up to family room.Split floor plan has roomy master suite w W/I closet & completely remodeled bath. Custom tile shower, tub surround, & floor. Granite counter w dual vanity under mount sinks.Formal dining/living room. Opt 4th BR or office. Huge backyard w covered patio, electric roller shade ,pebble tech pool, & lots of room to customize your dream space.

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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Mountain Ridge High School High Regular 2,206 94 7

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Mountain Ridge High School

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

$463,500$566,500$515,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,789
Property Tax -$340
Property Insurance -$76
HOA -$10
Property Management Fees -$99
CASH FLOW
-$44

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.

$515,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$25,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2703$2,2954$2,3005$2,445
$2,445
RENT COMPS ANALYSIS
  • 26367 N 73rd Avenue Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.91
    •  
  • 26237 N 74th Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 7997 W Rock Springs Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
  • 7795 W Rock Springs Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2012
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 7208 W Tether Trail Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.03
    •  
PROPERTY LISTING DETAILS
Brennen Dobson
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181677
Last Updated: 01/16/2021
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.

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