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26796 N 86th Lane Peoria, AZ 85383

5 Beds 4 Baths 4,070 sqft Built 2005

$699,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $171.74
  • 4 Days on Market
  • MLS # : 6170357
  • Updated Date : 12/17/2020 at 10:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,070 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come see this stunning home in the fabulous community of West Wing. Home sits on a corner lot with quick access to hiking trails, school and park. Home boasts gorgeous wood floors and stair case upon entry. Open kitchen with large island and gas range surrounded by rock accent. Separate living and dining areas and main floor game or office area. Master bedroom is downstairs with 4 large bedrooms and two full bath upstairs. Loft area has tons of natural light and mountain views. Backyard has beautiful pool and spa that has recently had all equipment replaced. Many items have been updated in the past few years, flooring, paint, AC, water heater, water softener, see Docs tab for full list.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k436k

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

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452176

* 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
West Wing School Primary Regular 1,046 51 9
West Wing School Middle Regular 1,046 51 9
Sandra Day O'connor High School High Regular 2,481 108 6

West Wing School

  • Education Level: Primary
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

West Wing School

  • Education Level: Middle
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,579
Property Tax -$519
Property Insurance -$106
HOA -$21
Property Management Fees -$99
CASH FLOW
-$84

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.

$699,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$39,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,449

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2403$3,3004$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 26796 N 86th Lane Peoria, AZ 2
    • 5 beds 4 baths ∙ 4,070 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,070 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $0.80
    •  
  • 26908 N 89th Drive Peoria, AZ 1
    • 6 beds 5 baths ∙ 4,234 Sqft ∙ Built 2005 6 beds 5 baths ∙ 4,234 Sqft ∙ Built 2005
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.71
    •  
  • 8651 W Lariat Lane Peoria, AZ 3
    • 4 beds 4 baths ∙ 4,071 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,071 Sqft ∙ Built 2005
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.81
    •  
  • 8653 W Rowel Road Peoria, AZ 4
    • 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.87
    •  
  • 27540 N 83rd Drive Peoria, AZ 5
    • 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Donna Marie Lundberg
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170357
Last Updated: 12/17/2020
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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