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26910 N 87th Drive Peoria, AZ 85383

6 Beds 5 Baths 4,256 sqft Built 2006

$549,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $128.99
  • 2 Days on Market
  • MLS # : 6162404
  • Updated Date : 11/21/2020 at 02:15
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,256 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Immaculate home that has everything and more. The entire exterior was just freshly painted. It has a large gourmet kitchen, stainless steal appliances, double oven, and two granite kitchen islands. Granite fire place, an office, with built in desk and cabinets. A breathtaking staircase leads you to a huge loft upstairs. Huge master bedroom and bathroom w/ his and her closets. This home has beautiful mountain views with a cul de sac at the end of the street! This home spacious and sits at the foothills of the Peoria West Wing Mountain Preserve. Lot's of hiking trails nearby.

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,026
Property Tax -$411
Property Insurance -$110
HOA -$17
Property Management Fees -$99
CASH FLOW
-$42

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.

$549,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$32,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,841

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6203$2,9504$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 26910 N 87th Drive Peoria, AZ 2
    • 6 beds 5 baths ∙ 4,256 Sqft ∙ Built 2006 6 beds 5 baths ∙ 4,256 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.62
    •  
  • 8984 W Plum Road Peoria, AZ 1
    • 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.61
    •  
  • 7989 W Redbird Road Peoria, AZ 3
    • 6 beds 5 baths ∙ 4,320 Sqft ∙ Built 2013 6 beds 5 baths ∙ 4,320 Sqft ∙ Built 2013
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.68
    •  
  • 9790 W Maya Way Peoria, AZ 4
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.67
    •  
  • 26908 N 89th Drive Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Layla S. Bishop
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162404
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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