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28049 N 99th Drive Peoria, AZ 85383

5 Beds 4 Baths 3,532 sqft Built 2017

$715,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $202.43
  • 2 Days on Market
  • MLS # : 6193888
  • Updated Date : 02/13/2021 at 00:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,532 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to your new home, the perfect backdrop to bring your design vision to life. Wood grain ceramic tile throughout, neutral colors, upgraded light fixtures, designer six panel doors and bright sunny windows capped by custom wood blinds. Accented by custom wrought iron front door, the xeriscape front & grand entrance invite guests inside, where the heart of the home is crowned by a chef's kitchen with polished granite counters, gleaming stainless double ovens, and a bay window dining nook. Mix & mingle while you whip up snacks, as the kitchen is open to the expansive great room with high ceilings & panoramic views of the perfectly manicured back yard. Enjoy a nightcap under the covered patio that spans nearly the length of the home. Multiple areas for work & play - including a ++MORE++

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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

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

Liberty High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,483
Property Tax -$435
Property Insurance -$96
HOA -$81
Property Management Fees -$99
CASH FLOW
-$634

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.

$715,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k$10k$15k

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$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,649

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,560
$2,560
RENT COMPS ANALYSIS
  • 28049 N 99th Drive Peoria, AZ 2
    • 5 beds 4 baths ∙ 3,532 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,532 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.72
    •  
  • 10392 W Bronco Trail Peoria, AZ 1
    • 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
    •  
PROPERTY LISTING DETAILS
Nate Brill
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193888
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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