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30913 N 138th Avenue Peoria, AZ 85383

3 Beds 3 Baths 2,053 sqft Built 2014

$515,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $250.85
  • 4 Days on Market
  • MLS # : 6197667
  • Updated Date : 02/25/2021 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,053 sqft
  • Baths : 3 full
Listing Agent

Rethink Real Estate

Listing Agent's Description

This gorgeous newer home has 3 EN-SUITES + DEN, HEATED POOL on VIEW LOT, ARTIFICIAL TURF & is located on a PREMIUM CUL DE SAC LOT!!! Kitchen has staggered cabinets, extra large island, gas range, upgraded appliances & plenty of storage. Large great room off kitchen w/surround sound. Gorgeous tile floors. Formal dining could be used as den/office. Master suite has soaking tub, walk in shower & double sinks. Bedrooms 2 & 3 have en suite. New travertine & turf & upgraded landscaping w/view fence in backyard & wash behind home. Misting system. Pool is automated w/water feature and multi colored lights. Look at that view! WOW! Make this stunning home yours today & see why Vistancia is one of the best places to live.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k409k

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

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452283

* 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
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,789
Property Tax -$387
Property Insurance -$67
HOA -$29
Property Management Fees -$99
CASH FLOW
-$260

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.

$515,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8253$1,9954$2,1005$2,110
$2,110
RENT COMPS ANALYSIS
  • 30913 N 138th Avenue Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.03
    •  
  • 31132 N 136th Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2008
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 13203 W Copperleaf Lane Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2015
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
  • 13211 W Creosote Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2007
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 13191 W Creosote Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2008
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jay Patel
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197667
Last Updated: 02/25/2021
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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