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28370 N 130th Drive Peoria, AZ 85383

2 Beds 2 Baths 1,700 sqft Built 2008

$409,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $240.59
  • 3 Days on Market
  • MLS # : 6181309
  • Updated Date : 01/16/2021 at 14:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Realty Arizona Elite Group, Llc

Listing Agent's Description

GORGEOUS lightly lived in Montis on a PRIVATE lot located in a great location - walking distance to the Kiva Club & V's Taproom. This home has it all - 2 bed, 2 baths & den/office w/beautiful curb appeal & charming courtyard. Step inside to an open floor plan w /oversized tiles in all the right areas & UPGRADES GALORE! Kitchen features beautiful staggered cabinetry w/larger crown molding, engineered stone c-tops, PREPARATION ISLAND, under cabinet lighting, roll-out drawers, custom backsplash, SS GAS appliances & sliding glass door to courtyard. Great room has a BUILT-IN ENTERTAINMENT CENTER w/surround system & speakers on the patio too! Upgraded owner's suite w/BAY WINDOW & engineered marble ctops/shower & undermount sinks. BACKYARD IS PARADISE - private w/extended travertine patio, gas

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k444k

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

Neighborhood: Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452339

* 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
Lake Pleasant Elementary School Primary Regular 425 24 9
Lake Pleasant Elementary School Middle Regular 425 24 9
Liberty High School High Regular 2,141 93 6

Lake Pleasant Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Lake Pleasant Elementary School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Liberty High School

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

$368,100$449,900$409,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,421
Property Tax -$412
Property Insurance -$60
HOA -$86
Property Management Fees -$99
CASH FLOW
-$178

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.

$409,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 28370 N 130th Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,700 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,700 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.12
    •  
  • 12411 W Roberta Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 13039 W Red Fox Road Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 27582 N 129th Lane Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 27957 N 130th Avenue Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.19
    •  
PROPERTY LISTING DETAILS
Evelyn Saracco
Realty Arizona Elite Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181309
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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