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28626 N 68th Drive Peoria, AZ 85383

4 Beds 4 Baths 3,776 sqft Built 2006

$729,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $193.06
  • 4 Days on Market
  • MLS # : 6183824
  • Updated Date : 01/21/2021 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,776 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This Camelot home located at the top of the hill in a cul-de-sac is full of character, from the courtyard entry with solid wood front door, the vaulted ceilings with wood beams and curved arch ways. The first floor you will find an office/den, bonus room, laundry room, half bath, formal dining that can open to the side courtyard and one of two master bedrooms. The first floor master is large enough to have a sitting room, large bath with separate shower and soaking tub, double sinks and large walk in closet fitted with closet organizer. The great room with fireplace is an open concept floor plan with the kitchen, offering an Italian stove duel fuel with double ovens, wall mounted pot filler, built in refrigerator, large island with marble countertop and many cabinets with pullouts,

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
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,532
Property Tax -$526
Property Insurance -$101
HOA -$12
Property Management Fees -$99
CASH FLOW
-$220

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.

$729,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$23,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,436

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0503$3,0754$4,0005$4,000
$4,000
RENT COMPS ANALYSIS
  • 28626 N 68th Drive Peoria, AZ 2
    • 4 beds 4 baths ∙ 3,776 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,776 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.81
    •  
  • 6525 W Lucia Drive Phoenix, AZ 1
    • 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 3
    • 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
    •  
  • 27540 N 83rd Drive Peoria, AZ 4
    • 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.00
    •  
  • 28427 N 68th Avenue Peoria, AZ 5
    • 5 beds 4 baths ∙ 3,852 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,852 Sqft ∙ Built 2008
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Catherine A Sitarz, Pllc
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183824
Last Updated: 01/21/2021
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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