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

29082 N 124th Lane Peoria, AZ 85383

3 Beds 3 Baths 1,997 sqft Built 2014

$349,990

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $175.26
  • 5 Days on Market
  • MLS # : 6205206
  • Updated Date : 03/13/2021 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 3 full
Listing Agent

Campbell Realty Advisors

Listing Agent's Description

Beautiful 2 story corner home with 3BDR, 3.5BA, in Vistancia! Quiet, friendly neighborhood community with 4 pools, tennis courts, walking trails, & clubhouse. HOA takes care of front and side yard. Top rated Peoria Unified Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Village at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Village at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452053

* 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
 

$314,991$384,989$349,990

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,216
Property Tax -$265
Property Insurance -$66
HOA -$64
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.

$349,990

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,497

INVESTMENT

$98,497

Down Payment
$87,498
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,498
Loan Amount $262,493
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$38,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8353$1,9304$1,9995$2,195
$2,195
RENT COMPS ANALYSIS
  • 29082 N 124th Lane Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.97
    •  
  • 12466 W Lindbergh Drive Peoria, AZ 1
    • 3 beds 4 baths ∙ 1,997 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,997 Sqft ∙ Built 2015
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 12462 W Lindbergh Drive Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 2015
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.99
    •  
  • 12795 W Lone Tree Trail Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.92
    •  
  • 29651 N 126th Drive Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.05
    •  
PROPERTY LISTING DETAILS
Thomas Ghrist
Campbell Realty Advisors
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205206
Last Updated: 03/13/2021
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.

BESbswy