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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $200.25
- 3 Days on Market
- MLS # : 6181280
- Updated Date : 01/16/2021 at 14:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,422 sqft
- Baths : 3 full
Listing Agent
Infinity & Associates Real Estate
Listing Agent's Description
Highly Popular 2,423 sq ft ''Sierra'' plan by Meritage Homes. Built in 2017 with all the energy features, this practically new home is loaded with upgrades inside and out and sits on a gorgeous lot with view fencing and desert views to the east! 3 car garage! Features: upgraded flooring throughout, quartz & granite two-tone countertops in the Kitchen, & high end cabinetry throughout. Stainless built-in appliances, including double wall ovens and gas cooktop & hood. Custom light fixtures & paint throughout the home as well. Upgraded bathrooms with granite countertops, backsplash, & taller mirrors. Multi-slider at Great Room leads to the backyard that has an extended paver patio, view fencing, and total privacy! Best location in the Village, close to the Marketplace & easy 303 access.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: The Village at Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Village at Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$346 | |
| Property Insurance | -$74 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$68
|
||
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.
$485,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
5.83
YEARS SAVED
$32,461
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,077
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
29345 N 119th Lane Peoria, AZ 5
- 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,300
- $0.95
-
29462 N 126th Lane Peoria, AZ 1
- 4 beds 2 baths ∙ 2,435 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,435 Sqft ∙ Built 2004
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.82
-
29743 N 121st Avenue Peoria, AZ 2
- 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2005
LEASED 12/05/20- Rent
- Rent Per SQFT
- $2,050
- $0.87
-
29240 N 122nd Lane Peoria, AZ 3
- 3 beds 3 baths ∙ 2,459 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,459 Sqft ∙ Built 2017
LEASED 09/07/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
-
12651 W Blackstone Lane Peoria, AZ 4
- 4 beds 2 baths ∙ 2,365 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,365 Sqft ∙ Built 2004
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.89
PROPERTY LISTING DETAILS
Infinity & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181280
Last Updated: 01/16/2021
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.
