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27564 N 83rd Drive Peoria, AZ 85383

4 Beds 4 Baths 4,007 sqft Built 2004

$850,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $212.13
  • 3 Days on Market
  • MLS # : 6170445
  • Updated Date : 12/11/2020 at 15:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,007 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Discover a Casual Elegance and Serene Beauty in this FABULOUS home nestled on a quiet cul-de-sac at the base of Westwing Mountain w/ fabulous views! Large, spacious rooms with 12-14 foot ceilings! Beautiful solid hardwood flooring and custom tile throughout. Spacious family room w/stone fireplace open to AMAZING kitchen with OVERSIZE island, NEW Wolf Gas Cooktop, wall oven & microwave, PLUS Wall of Pantry Cabinets. this is an ENTERTAINER'S dream! Master suite is magnificent w/ snail shower, deep tub, custom tile & a killer closet! Guest suite or children's wing has media room, Jack & Jill bath, 4th bedroom is used as a den/office with custom cabinetry. Home has 3.5 baths! OUTDOOR entertaining is a JOY with MAGNIFICIENT mountain VIEWS, firepit, outdoor kitchen & a heated pool.

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$3,136
Property Tax -$709
Property Insurance -$105
HOA -$41
Property Management Fees -$99
CASH FLOW
-$621

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.

$850,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,025

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
  • $3,095

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,6004$3,3005$4,000
$4,000
RENT COMPS ANALYSIS
  • 27564 N 83rd Drive Peoria, AZ 1
    • 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8984 W Plum Road Peoria, AZ 2
    • 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
    •  
  • 8233 W Rock Springs Drive Peoria, AZ 3
    • 4 beds 4 baths ∙ 3,859 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,859 Sqft ∙ Built 2013
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.67
    •  
  • 8651 W Lariat Lane Peoria, AZ 4
    • 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
    •  
  • 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
Susan K Ramsey
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170445
Last Updated: 12/11/2020
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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