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29963 N 122nd Drive Peoria, AZ 85383

5 Beds 4 Baths 3,841 sqft Built 2005

$650,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $169.23
  • 9 Days on Market
  • MLS # : 6152043
  • Updated Date : 10/28/2020 at 09:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,841 sqft
  • Baths : 3 full , 1 half
Listing Agent

Long Realty In The Pines

Listing Agent's Description

This spectacular home on a 1/4 acre view lot is an entertainer's paradise. From the expansive and upgraded gourmet kitchen, 5 bedrooms, new putting green, to the ideally oriented east-facing backyard with Pebble Tec pool and spa, this home has it all! Custom upgrades throughout this home include stainless steel appliances with brand new professional grade gas range, stunning Travertine flooring downstairs and luxurious new carpet upstairs, and built-in Knotted Alder cabinetry and shelving throughout the kitchen, family room media center, office and bonus room. A lovely guest room ensuite downstairs, along with 4 more sizeable bedrooms and bonus room upstairs, makes room for everyone. Most upgrades, including all bathrooms, were performed within the last 3 years.

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
 

$585,000$715,000$650,000

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 -$2,398
Property Tax -$530
Property Insurance -$102
HOA -$29
Property Management Fees -$99
CASH FLOW
-$488

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.

$650,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.41%

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-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,006

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
  • $2,919

    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
  • 29963 N 122nd Drive Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,841 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,841 Sqft ∙ Built 2005
    • 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
Linda B Denham
Long Realty In The Pines
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152043
Last Updated: 10/28/2020
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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