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30347 N 71st Avenue Peoria, AZ 85383

3 Beds 3 Baths 1,885 sqft Built 2007

$359,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $190.45
  • 6 Days on Market
  • MLS # : 6158508
  • Updated Date : 11/13/2020 at 19:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful home located in the exclusive Sonoran Mtn Ranch subdivision. 3 bedroom plus Den, 2.5 bath, Highly upgraded home with a gourmet Kitchen, Granite countertops, Great room style architecture, upgraded carpet & tile throughout, two tone paint scheme, plantation shutters and ceiling fans are just a few of the many upgrades this home has to offer. Out back are some incredible mountain views, low maintenance yard and a detached workshop. Come take a look at this magnificent home, it won't last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Sandra Day O'connor High School High Regular 2,481 108 6

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,325
Property Tax -$254
Property Insurance -$64
HOA -$9
Property Management Fees -$99
CASH FLOW
$19

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.

$359,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7704$1,7805$1,895
$1,895
RENT COMPS ANALYSIS
  • 30347 N 71st Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.94
    •  
  • 7363 W Palo Brea Lane Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2012
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 30182 N 71st Avenue Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2006
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 30216 N 73rd Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2005
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.98
    •  
  • 7108 W Desert Mirage Drive Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2007
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jeff Star
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158508
Last Updated: 11/13/2020
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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