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28017 N 99th Drive Peoria, AZ 85383

4 Beds 4 Baths 3,532 sqft Built 2017

$749,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $212.32
  • 13 Days on Market
  • MLS # : 6150434
  • Updated Date : 11/02/2020 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,532 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Take a look at this stunning home located in Northlands, a highly desirable neighborhood in the Peoria School District! This 4 bedroom 3.5 bath home has been fully updated and is a Farmhouse dream! It truly checks all the boxes! It features a spacious split floor plan with gorgeous tile wood flooring throughout, shiplap accent walls, shutters, built in drop zone and OWNED SOLAR! The gourmet kitchen has everything you could want with Quartz countertops, beautiful backsplash, stainless steel appliances, pot filler, and huge island! The kitchen is open to the family room, perfect for entertaining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k401k

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

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452128

* 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
Vistancia Elementary School Primary Regular 969 45 10
Vistancia Elementary School Middle Regular 969 45 10
Liberty High School High Regular 2,141 93 6

Vistancia Elementary School

  • Education Level: Primary
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Vistancia Elementary School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,767
Property Tax -$456
Property Insurance -$96
HOA -$81
Property Management Fees -$99
CASH FLOW
-$999

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.

$749,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,861

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,5003$2,5004$3,300
$3,300
RENT COMPS ANALYSIS
  • 28017 N 99th Drive Peoria, AZ 3
    • 4 beds 4 baths ∙ 3,532 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,532 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 9157 W Black Hill Road Peoria, AZ 1
    • 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
    •  
  • 10392 W Bronco Trail Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,322 Sqft ∙ Built 2018 5 beds 3 baths ∙ 3,322 Sqft ∙ Built 2018
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 26799 N 90th Lane Peoria, AZ 4
    • 4 beds 4 baths ∙ 3,224 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,224 Sqft ∙ Built 2006
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Laura Manning
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150434
Last Updated: 11/02/2020
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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