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29364 N 123rd Glen Peoria, AZ 85383

4 Beds 3 Baths 2,622 sqft Built 2020

$369,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $141.08
  • 2 Days on Market
  • MLS # : 6173237
  • Updated Date : 12/20/2020 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,622 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jc Realty

Listing Agent's Description

WOW! Brand new home in coveted Peoria school district and Vistancia Neighborhood! Home has upgraded plank tile flooring throughout and upgraded carpet in bedrooms! Highly upgraded kitchen has quartz countertops,charcoal shaker cabinets, subway tile backsplash and stainless steel appliances, including gas stove and fridge! Downstairs den makes a great office! Upstairs has a huge master with a large master bath with custom walk-in shower and his/her sinks! three large secondary bedrooms upstairs, all with walk-in closets! Home also boasts a three car garage! Great end unit buts up to greenspace! Two community pools and lots of green space in the neighborhood!

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
Vistancia Elementary School Primary Regular 969 45 10
Vistancia Elementary School Middle Regular 969 45 10
Liberty High School High Regular 2,141 93 6

Vistancia Elementary School

  • Education Level: Primary
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Vistancia Elementary School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,365
Property Tax -$281
Property Insurance -$78
HOA -$58
Property Management Fees -$99
CASH FLOW
$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.53%

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) 3.00%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,024

INVESTMENT

$100,024

Down Payment
$92,475
Rehab Estimate
$2,000
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$32,957

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
  • $2,006

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 29364 N 123rd Glen Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29092 N 124th Drive Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 12616 W Blackstone Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 29462 N 126th Lane Peoria, AZ 4
    • 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
    •  
  • 29240 N 122nd Lane Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jean Cutting
Jc Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173237
Last Updated: 12/20/2020
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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