Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

30149 N 120th Lane Peoria, AZ 85383

4 Beds 3 Baths 2,537 sqft Built 2004

$439,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $173.39
  • 3 Days on Market
  • MLS # : 6200959
  • Updated Date : 03/06/2021 at 05:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,537 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

An unexpected job relocation means a huge win for the next buyers of this great 2-story in the highly desired community of Vistancia. Sellers just installed a $70k 13.4KW OWNED solar system w smart home security where front door, cameras, lights and outlets can all be controlled through an App. Surrounded by single story homes you get to enjoy sensational vistas from the second level and northern mountain views from the oversized backyard! 2 family rooms, a loft, separate dining areas and a main floor BR w walk-in closet & full bath make for great family living, while fresh paint, crown molding, plantation shutters and soaring ceilings complete the package. Kitchen features SS appliances, granite counters, high end raised panel maple cabinets, full tile backsplash, & gas range!

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,528
Property Tax -$403
Property Insurance -$77
HOA -$29
Property Management Fees -$99
CASH FLOW
-$5

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.

$439,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$22,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,347

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1304$2,4955$2,550
$2,550
RENT COMPS ANALYSIS
  • 30149 N 120th Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.84
    •  
  • 29743 N 121st Avenue Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2005
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
  • 29240 N 122nd Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,459 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,459 Sqft ∙ Built 2017
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 11618 W Tenaza Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2020
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.00
    •  
  • 29402 N 119th Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2016
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jodi Faulkner
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200959
Last Updated: 03/06/2021
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.

BESbswy