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29392 N 68th Avenue Peoria, AZ 85383

4 Beds 3 Baths 2,799 sqft Built 2005

$410,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $146.48
  • 3 Days on Market
  • MLS # : 6176168
  • Updated Date : 01/01/2021 at 17:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,799 sqft
  • Baths : 3 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Beautiful and quiet Sonoran Mountain Ranch neigborhood. Charming 2 story home with covered patio entry will welcomeyou from the curb. Formal living and dining room leads to a large great room - kitchen floorplan layout that makes you want to sit and relax awhile. Beautiful cabinets and lots of granite counter space. There is a large office/flex space/craftsroom or exercise room downstairs next to the downstairs full bathroom! Family stairway off the kitchen that leads to a spacious 2nd floor with 3 wings of bedroom opportunities. Don't miss the wall of office/desk space at the 2nd floor landing! Spacious bedrooms and very large closets! Every square inch has been planned well. 3 Car tandem garage with 2 entries into the house and lots of storage!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Sandra Day O'connor High School High Regular 2,481 108 6

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,513
Property Tax -$286
Property Insurance -$82
HOA -$10
Property Management Fees -$99
CASH FLOW
$231

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.

$410,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$25k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$52,695

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
  • $2,379

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,2654$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 29392 N 68th Avenue Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6828 W Evergreen Terrace Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2007
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 6719 W Miner Trail Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,265
    • $0.82
    •  
  • 6421 W Lucia Drive Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2006
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 28811 N 66th Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,856 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,856 Sqft ∙ Built 2017
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Elisa Henrichs
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176168
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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