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29529 N 129th Glen Peoria, AZ 85383

2 Beds 3 Baths 2,661 sqft Built 2013

$689,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $258.93
  • 3 Days on Market
  • MLS # : 6196464
  • Updated Date : 02/20/2021 at 01:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

BREATHTAKING Tarragona w Paid Solar & 3 Car Garage! Gourmet Kitchen w Stainless Appl's, Slab Granite & Staggered Maple Cabs. Gorgeous b/i Custom Cabs in Great Rm & Den. Master BR w Bay Window, Sliding Glass Door, ensuite to Master BA w 2 Vanities, Framed Mirrors, w/i Shower, Soaking Tub & 2 w/i Closets. Guest BR ensuite to Full BA. Versatile ''Smart Space'' w endless Storage, W/D, Laundry Sink, 2 Desk workstations & room to add exercise equipment or create Art/Craft Studio. Backyard has Covered & Extended Paver Patio, Lush Landscaping & Artificial Turf, Pony Wall & Banco Seating w room to add Pool/Spa. Add'l upgrades Crown Molding, Custom Window Coverings, Italian Porcelain Floor Tile, Travertine Ct. Yd. w Stacked Stone Water Feature & Pavered Driveway. Turnkey Opp. See Docs Tab for more!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k444k

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

Neighborhood: Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452339

* 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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,393
Property Tax -$540
Property Insurance -$79
HOA -$86
Property Management Fees -$99
CASH FLOW
-$528

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.

$689,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,393

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,501

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,670
$2,670
RENT COMPS ANALYSIS
  • 29529 N 129th Glen Peoria, AZ 2
    • 2 beds 3 baths ∙ 2,661 Sqft ∙ Built 2013 2 beds 3 baths ∙ 2,661 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.00
    •  
  • 13142 W Lone Tree Trail Peoria, AZ 1
    • 2 beds 3 baths ∙ 2,439 Sqft ∙ Built 2015 2 beds 3 baths ∙ 2,439 Sqft ∙ Built 2015
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kimberly W. Nance
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196464
Last Updated: 02/20/2021
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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