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29395 N 120th Lane Peoria, AZ 85383

5 Beds 5 Baths 4,824 sqft Built 2004

$825,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $171.02
  • 2 Days on Market
  • MLS # : 6182239
  • Updated Date : 01/23/2021 at 14:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,824 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Welcome to your private OASIS in the gated community of Terracina at Vistancia! This beautiful home has all the space you're looking for both inside and out. This popular TW Lewis basement home features 5 bedrooms and 4.5 baths, 3 of which are en-suites. Enter through a charming courtyard with fountain and brand-new front door. Formal rooms flank the entry and then open into the large great room with gas fireplace. Create meals and memories in a well-appointed kitchen with huge granite island, GE Monogram 4 burner gas stove with grill, KitchenAid double wall ovens, GE Monogram refrigerator and walk-in pantry. The owner's suite, second en-suite bedroom with custom closet system, and third bedroom complete the main level. Relax in the large owner's suite with his/her walk-in closets,

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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,866
Property Tax -$742
Property Insurance -$121
HOA -$42
Property Management Fees -$99
CASH FLOW
-$780

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.

$825,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,718

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,7504$3,090
$3,090
RENT COMPS ANALYSIS
  • 29395 N 120th Lane Peoria, AZ 4
    • 5 beds 5 baths ∙ 4,824 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,824 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $0.64
    •  
  • 12053 W Miner Trail Peoria, AZ 1
    • 4 beds 5 baths ∙ 4,532 Sqft ∙ Built 2005 4 beds 5 baths ∙ 4,532 Sqft ∙ Built 2005
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.55
    •  
  • 30645 N 126th Lane Peoria, AZ 2
    • 5 beds 4 baths ∙ 4,666 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,666 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.57
    •  
  • 12061 W Miner Trail Peoria, AZ 3
    • 4 beds 4 baths ∙ 4,824 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,824 Sqft ∙ Built 2005
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.57
    •  
PROPERTY LISTING DETAILS
Monica Fink
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182239
Last Updated: 01/23/2021
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.

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