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28567 N 68th Avenue Peoria, AZ 85383

5 Beds 4 Baths 3,829 sqft Built 2006

$650,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $169.76
  • 3 Days on Market
  • MLS # : 6175336
  • Updated Date : 01/02/2021 at 19:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,829 sqft
  • Baths : 4 full
Listing Agent

Realty Executives

Listing Agent's Description

Amazing Camelot Home in Sonoran Mountain with Breathtaking Mountain Views* Gourmet Chefs Kitchen with Stainless Viking Appliances, Gas 6 Burner Cook Top, Wall Oven, Built-In Viking Refrigerator, Huge Kitchen Island and Bar & Breakfast Room* Formal Dining Room* Huge Family Room* Custom Shutters* Gorgeous Slate Flooring with Medallion At Entry* Huge Master Suite with Sitting Area* Master Bath with Roman Tub and Large Walk-In Shower Split Double Sinks & 2 Large Walk in Closets* 2 Large Bedrooms Downstairs with Bath* 4th BR with Private Exit Plus Bath* Plus Den with Custom Shutters* Huge Bonus/Game Room Upstairs 5th Bedroom & Bath* 3 A/C Units* Resort Style Backyard w/Pebble Tec Pool, Fire/Water Pots, Waterfall, Fun Bubbles, Therapeutic Jets, Tumbled Paved Ext'd Patio, BBQ w/Outdoor Kitchen

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Sandra Day O'connor High School High Regular 2,481 108 6

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,398
Property Tax -$469
Property Insurance -$102
HOA -$10
Property Management Fees -$99
CASH FLOW
-$209

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.

$650,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$26,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,853

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,7504$2,8705$3,075
$3,075
RENT COMPS ANALYSIS
  • 28567 N 68th Avenue Peoria, AZ 4
    • 5 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.75
    •  
  • 27910 N 66th Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,522 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,522 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.68
    •  
  • 6894 W Mazatzal Drive Peoria, AZ 2
    • 5 beds 4 baths ∙ 3,735 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,735 Sqft ∙ Built 2006
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
  • 6525 W Lucia Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
  • 28790 N 68th Avenue Peoria, AZ 5
    • 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,075
    • $0.84
    •  
PROPERTY LISTING DETAILS
Diane G Sleighel
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175336
Last Updated: 01/02/2021
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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