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29879 N 122nd Drive Peoria, AZ 85383

4 Beds 3 Baths 2,908 sqft Built 2004

$479,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $165.03
  • 1 Days on Market
  • MLS # : 6170663
  • Updated Date : 01/03/2021 at 02:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,908 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Beautiful Stunning Home in the popular Vistancia! 4 Bedroom 2.5 Bath single story home with a pool is unbelievable! 9+ Ceilings, tile and carpet in all the right places, upgraded lighting, neutral color palette, and spacious floor plan! Eat in kitchen features custom cabinets, Granite counter tops and back splash, spacious kitchen island, all black appliances with multiple wall ovens, and breakfast bar! Kitchen overlooks large family room with built in entertainment center, perfect for holidays and family get together. Bedrooms are all generous in size including the Master bedroom with walk in closet. Full Master Bathroom with AMAZING walk in shower and raised tub! Private backyard, private pool, built in BBQ area, and covered patio! Amazing property! Enjoy a True Arizona Lifestyle!

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
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,771
Property Tax -$422
Property Insurance -$84
HOA -$29
Property Management Fees -$99
CASH FLOW
$86

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.

$479,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$39,561

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
  • $2,094

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9954$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 29879 N 122nd Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12235 W Morning Vista Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2004
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 12616 W Blackstone Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 12714 W Dove Wing Way Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
  • 12260 W Lone Tree Trail Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
PROPERTY LISTING DETAILS
Joseph J. Frontauria
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170663
Last Updated: 01/03/2021
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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