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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $250.29
- 3 Days on Market
- MLS # : 6193478
- Updated Date : 02/13/2021 at 00:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,358 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautifully updated Peoria home available in the desirable Las Brisas Pointe community, situated on a premium corner lot. Must see interior is sure to impress with soaring vaulted ceilings, gorgeous wood look flooring, modern light fixtures, and barn door accents . You will love the spacious open concept floor plan, perfect for gathering friends and family. Kitchen would delight any chef with stainless steel appliances, white ceramic farm sink, subway tile backsplash and a plethora of stylish cabinetry. Master retreat includes en suite with dual sinks, glass framed tiled shower and a walk in closet. Nicely sized backyard offers plenty of room for enjoying the beautiful Arizona outdoors. Don't miss out on this gem. See it today!
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PRICE & RENT TRENDS
Neighborhood: Sahuaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sahuaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$204 | |
| Property Insurance | -$54 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$219
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$339,900
PROJECTED PRICE
$1,350
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
2.33
YEARS SAVED
$5,813
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,260
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
7006 W Kings Avenue Peoria, AZ 3
- 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,350
- $0.99
-
15418 N 61st Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1980
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,260
- $0.93
-
6802 W Wanda Lynn Lane Peoria, AZ 2
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2014
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,295
- $0.96
-
15825 N Hidden Valley Lane Peoria, AZ 4
- 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2004
LEASED 08/31/19- Rent
- Rent Per SQFT
- $1,450
- $0.91
-
7949 W Beck Lane Peoria, AZ 5
- 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2005
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,450
- $0.91
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193478
Last Updated: 02/13/2021
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.
