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29470 N 113th Lane Peoria, AZ 85383

4 Beds 3 Baths 2,199 sqft Built 2021

$453,490

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $206.23
  • 3 Days on Market
  • MLS # : 6184642
  • Updated Date : 01/22/2021 at 21:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 3 full
Listing Agent

New Home Star Arizona, Llc

Listing Agent's Description

''TO BE BUILT'' In Amenity Rich Vistancia, our flexible Jimson design gives you the choice of 3 or 4 bedrooms, a dedicated office/den/study, or a 3 car tandem garage. Spacious Great Room makes entertaining easy and fun. Enjoy outdoor living with our extended rear covered patio and add a wall of glass with multi-slide doors to integrate both spaces. Extreme energy efficiency with Spray Foam Insulation on entire living envelope. Complete Smart Home convenience and control with Ring, Nest, and Control4. Optional 2' garage extension for long vehicle or workshop. A wide array of finish design choices allows you to create your unique living space. Pictures are of Model Home with non standard options and upgrades. Price will vary depending on options and upgrades selected.

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
 

$408,141$498,839$453,490

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,575
Property Tax -$354
Property Insurance -$70
HOA -$86
Property Management Fees -$99
CASH FLOW
-$164

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.

$453,490

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,175

INVESTMENT

$122,175

Down Payment
$113,373
Rehab Estimate
$2,000
Closing Costs
$6,802

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,575

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,373
Loan Amount $340,118
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8954$2,0205$2,050
$2,050
RENT COMPS ANALYSIS
  • 29470 N 113th Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.92
    •  
  • 12089 W Dove Wing Way Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 29751 N 119th Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 29673 N 120th Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 29743 N 121st Avenue Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
James D Brettner
New Home Star Arizona, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184642
Last Updated: 01/22/2021
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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