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29769 N 119th Lane Peoria, AZ 85383

3 Beds 3 Baths 2,160 sqft Built 2008

$389,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $180.51
  • 3 Days on Market
  • MLS # : 6209602
  • Updated Date : 03/19/2021 at 20:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Howe Realty

Listing Agent's Description

Why wait for a new construction when this lovely home could be all yours? Move In Ready, this home offers 2,160 sq. ft. of light-filled and spacious living located in the popular Vistancia Village community. This stylish 3 bedroom, 2.5 bathroom plus den home is sure to tick all the boxes for a wide range of buyers. A gourmet kitchen with crisp white cabinetry, a large island overlooks the combined living and dining space, so the home chef will always be a part of the action. The kitchen offers a suite of quality appliances, granite countertops and a pantry. The sliding glass door and large windows throughout draws in an abundance of soft natural light. Spacious master bedroom and bathroom with double sink, walk in shower, garden tub and walk in closet. Other must-have features include

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
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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,354
Property Tax -$361
Property Insurance -$69
HOA -$29
Property Management Fees -$99
CASH FLOW
-$92

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.

$389,900

PROJECTED PRICE

$1,820

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8504$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 29769 N 119th Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.84
    •  
  • 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
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 29751 N 119th Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 29673 N 120th Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2006
    property image
    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
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
PROPERTY LISTING DETAILS
Brandon Howe
Howe Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209602
Last Updated: 03/19/2021
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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