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29392 N 123rd Drive Peoria, AZ 85383

3 Beds 4 Baths 1,997 sqft Built 2017

$314,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $157.69
  • 5 Days on Market
  • MLS # : 6153926
  • Updated Date : 10/30/2020 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lake Pleasant Real Estate

Listing Agent's Description

Amazing two-story home located in the highly desirable Primrose Estates division of Vistancia! Recently constructed in 2017, lightly lived in, and solar equipped, this home offers a rare 3 bedroom, 3.5 bath open floor plan. The white kitchen cabinets and light color palettes throughout along with the large sliding glass door in the great room keep the home feeling bright and lively inside. The approximately 2,550 sf lot offers low maintenance while still supplying a distinct front yard and private side yard perfect for grilling or lounging. Primrose Estates residents have access to all of the Vistancia Village amenities plus an additional private pool. Amazing opportunity to own a detached, nearly-new home inside Vistancia at a great price! Don't wait, this home will sell quick!

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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,162
Property Tax -$240
Property Insurance -$66
HOA -$58
Property Management Fees -$99
CASH FLOW
$115

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.

$314,900

PROJECTED PRICE

$1,740

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$31,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7253$1,7404$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 29392 N 123rd Drive Peoria, AZ 3
    • 3 beds 4 baths ∙ 1,997 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,997 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.87
    •  
  • 29912 N 121st Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2004
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
  • 29752 N 121st Avenue Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
  • 28922 N 124th Lane Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 2007
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 12466 W Lindbergh Drive Peoria, AZ 5
    • 3 beds 4 baths ∙ 1,997 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,997 Sqft ∙ Built 2015
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michael Huber
Lake Pleasant Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153926
Last Updated: 10/30/2020
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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