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26429 N 122nd Drive Peoria, AZ 85383

4 Beds 3 Baths 2,183 sqft Built 2018

$359,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $164.86
  • 4 Days on Market
  • MLS # : 6162373
  • Updated Date : 11/21/2020 at 17:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,183 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lra Real Estate Group, Llc

Listing Agent's Description

WOW! This beautiful home built in 2018 has 4 bedrooms, 2.5 bathrooms, and a LOFT. Enjoy the modern kitchen which features an abundance of white cabinets w/ SHAKER doors, cabinet hardware, STAINLESS STEEL SINK, stunning QUARTZ countertops, a MASSIVE ISLAND, herringbone backsplash, and SS appliances. A large great room, bedroom, and 1/2 bath are also downstairs. The OVERSIZED owner's suite is located upstairs with 2 additional guest rooms, a laundry room, and a loft. The large owner's bathroom leads to the HUGE WALK-IN CLOSET. The home has modern features throughout including WOOD-TILE flooring, white walls, recessed lighting, and drapes. The lushly landscaped backyard features LOW-MAINTENANCE synthetic grass and a playground. GAS hot water heater, stove, and heat.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452202

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,328
Property Tax -$248
Property Insurance -$70
HOA -$26
Property Management Fees -$99
CASH FLOW
$40

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.

$359,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.50%

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) 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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$28,140

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
  • $1,812

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7504$1,7655$1,825
$1,825
RENT COMPS ANALYSIS
  • 26429 N 122nd Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12034 W Hide Trail Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 12046 W Hide Trail Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 12118 W Rowel Road Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2015
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.84
    •  
  • 12234 W Desert Sun Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.84
    •  
PROPERTY LISTING DETAILS
Bryan Mortensen
Lra Real Estate Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162373
Last Updated: 11/21/2020
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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