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29482 N 119th Lane Peoria, AZ 85383

4 Beds 4 Baths 3,674 sqft Built 2016

$585,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $159.23
  • 4 Days on Market
  • MLS # : 6175975
  • Updated Date : 01/02/2021 at 21:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,674 sqft
  • Baths : 3 full , 1 half
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Gorgeous Home in the Golf Course Community of Vistancia. Pristine curb appeal, handsome wood ''look'' tile floors, custom palette, upgraded lighting, window blinds, & ceiling fans. Stunning gourmet kitchen features a center island, granite counters, pendant lighting, breakfast bar, SS appliances, pantry, & plethora of bisque cabinetry w/crown moulding. Breakfast area & formal dining area. Private Den & large laundry room w/storage cabinets. Grand master retreat boasts a private upscale en suite w/dual sinks & large walk-in closet. Plush carpet in all bedrooms, ample closets, Jack & Jill bath, & an amazing loft w/endless possibilities. Serene backyard setting w/a covered paver patio, desert plants, synthetic turf, & paver patio for dining.

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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,158
Property Tax -$412
Property Insurance -$99
HOA -$29
Property Management Fees -$99
CASH FLOW
-$46

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.

$585,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.47%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$35,264

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
  • $2,792

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,8954$3,000
$3,000
RENT COMPS ANALYSIS
  • 29482 N 119th Lane Peoria, AZ 1
    • 4 beds 4 baths ∙ 3,674 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,674 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29132 N 122nd Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,994 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,994 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.63
    •  
  • 12860 W Via Caballo Blanco Drive Peoria, AZ 3
    • 4 beds 4 baths ∙ 3,555 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,555 Sqft ∙ Built 2012
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.81
    •  
  • 30732 N 127th Drive Peoria, AZ 4
    • 4 beds 5 baths ∙ 3,573 Sqft ∙ Built 2007 4 beds 5 baths ∙ 3,573 Sqft ∙ Built 2007
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Casey Hardon
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175975
Last Updated: 01/02/2021
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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