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31692 N 131st Drive Peoria, AZ 85383

4 Beds 3 Baths 2,478 sqft Built 2014

$599,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $242.09
  • 2 Days on Market
  • MLS # : 6263322
  • Updated Date : 07/12/2021 at 17:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT! Beautiful 4BR/3BA. Open floor plan with 2 living areas and formal dining. Gorgeous kitchen with huge granite kitchen island, custom mosaic tile back splash, Gas cooktop, and double wall ovens. Master suite features double sinks, private toilet room, custom walk-in shower, and spacious walk-in closet. Great corner lot with mountain and city views. Great low maintenance lush desert landscaping with artificial grass putting green out back and extended covered patio

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
 

$539,910$659,890$599,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$2,084
Property Tax -$524
Property Insurance -$75
HOA -$6
Property Management Fees -$99
CASH FLOW
-$719

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.

$599,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$298

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
  • $2,082

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,0004$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 31692 N 131st Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12866 W Desert Mirage Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
  • 31111 N 136th Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2007
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 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
    •  
  • 12748 W Calle De Pompas -- Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2011
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.82
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263322
Last Updated: 07/12/2021
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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