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27636 N 90th Lane Peoria, AZ 85383

5 Beds 4 Baths 3,255 sqft Built 2005

$450,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $138.25
  • 1 Days on Market
  • MLS # : 6170886
  • Updated Date : 12/12/2020 at 19:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,255 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Let's just start with WOW!!! This home has so many features where do I start?!?! To start with it has FIVE HUGE BEDROOMS (one downstairs with a full bathroom), THREE and a HALF BATHROOMS, two car garage plus R/V gate, SPARKLING POOL with WATERFALL, stunning courtyard, grand staircase, soaring ceilings, amazing loft with dramatic overlook, PREMIUM LOT with many mountain views and all of this while being situated in the highly desirable Westwing Neighborhood (my friend that lives a few houses away says it's the best neighborhood in AZ)!!! There is nothing like this home available for under $700,000 so don't wait!!! We won't play games and I will get you an answer ASAP but please write incredibly strong to save yourself a counter offer. Close to Target, Home Depot, Frys and much much more!!!

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,660
Property Tax -$313
Property Insurance -$91
HOA -$21
Property Management Fees -$99
CASH FLOW
$237

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.

$450,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.54%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$55,706

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
  • $2,051

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7753$1,9504$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 27636 N 90th Lane Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,255 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,255 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27372 N 90th Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2006
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.59
    •  
  • 8468 W Coyote Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,187 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,187 Sqft ∙ Built 2003
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 9157 W Black Hill Road Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,243 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,243 Sqft ∙ Built 2007
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.66
    •  
  • 9011 W Quail Track Drive Peoria, AZ 5
    • 6 beds 4 baths ∙ 3,421 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,421 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.66
    •  
PROPERTY LISTING DETAILS
David R Fuller
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170886
Last Updated: 12/12/2020
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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