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29675 N 113th Lane Peoria, AZ 85383

3 Beds 4 Baths 1,902 sqft Built 2019

$525,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $276.03
  • 3 Days on Market
  • MLS # : 6205313
  • Updated Date : 03/12/2021 at 22:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,902 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This highly upgraded, better-than-new home sits on a premium lot with no backyard neighbors and offers 3 bedrooms & 3.5 baths in 1902 SqFt with an open great room floor plan. The gourmet eat-in kitchen features staggered dark maple cabinetry with crown molding, gas cooktop, stainless appliances, Quartz counters, designer backsplash, walk-in pantry, and island with breakfast bar and pendant lighting. Sliding doors lead out to the private backyard with picturesque hillside and blue sky views. The backyard also includes a covered patio, extended paver patio with firepit, BBQ island with counter seating, and artificial turf. Split bedrooms. All bedrooms have en-suite baths and walk-in closets. The master en-suite bath has dual vanities and oversized tiled shower with rain showerhead. Other *

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k409k

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

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452283

* 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,824
Property Tax -$314
Property Insurance -$64
HOA -$29
Property Management Fees -$99
CASH FLOW
-$519

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.

$525,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7254$1,8105$2,050
$2,050
RENT COMPS ANALYSIS
  • 29675 N 113th Lane Peoria, AZ 4
    • 3 beds 4 baths ∙ 1,902 Sqft ∙ Built 2019 3 beds 4 baths ∙ 1,902 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.95
    •  
  • 12122 W Dove Wing Way Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 12116 W Eagle Ridge Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 29752 N 121st Avenue Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
  • 29625 N 114th Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2019
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205313
Last Updated: 03/12/2021
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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