Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

28827 N 126th Lane Peoria, AZ 85383

2 Beds 2 Baths 1,867 sqft Built 2008

$525,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $281.20
  • 5 Days on Market
  • MLS # : 6183101
  • Updated Date : 01/28/2021 at 23:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

Rethink Real Estate

Listing Agent's Description

Hurry to see this 2 Bed + 2 Bath + DEN. Amazing Golf course views from the 9th hole. Nice open floor plan. New backsplash in kitchen & bathrooms. Kitchen has beautiful engineered stone counters, ss appliances, large island w/seating & pendant lights. Living area has lots of windows w/built in cabinets & surround sound. Large master bed w/ensuite has dual vanities, spacious walk in shower & closet. Guest suite is split from master for privacy. Large laundry room has sink & plenty of cabinet space. Chair railing, Additional shelving in all closets & French doors added to office for privacy. Upgraded landscaping w/ built in BBQ & newer PVC piping. Garage has 4 ft. extension, epoxy flooring & Built in cabinets w/ work bench. Home is complete w/ shutters, sun screens & security door.

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
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,824
Property Tax -$530
Property Insurance -$64
HOA -$86
Property Management Fees -$99
CASH FLOW
-$473

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.

$525,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.41%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7504$1,8005$2,200
$2,200
RENT COMPS ANALYSIS
  • 28827 N 126th Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,867 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,867 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29302 N 130th Glen Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2008
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 12411 W Roberta Lane Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 13039 W Red Fox Road Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 28427 N 128th Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.35
    •  
PROPERTY LISTING DETAILS
Jay Patel
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183101
Last Updated: 01/28/2021
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.

BESbswy