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7052 W Lincoln Street Peoria, AZ 85345

3 Beds 3 Baths 1,745 sqft Built 2004

$291,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.28
  • 3 Days on Market
  • MLS # : 6184584
  • Updated Date : 01/22/2021 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,745 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

a lovely 3 bedroom, 2.5 bathroom home located in the gated community of Townsend Square in Peoria, AZ. The expansive main floor consists of a generously-sized bright living room that looks into the kitchen. The open-planned kitchen has a spacious pantry and the sunlight shines through the glass door leading to the backyard. A bonus room is nestled past the kitchen, providing extra space for the new owner to utilize however they see fit. Upstairs the welcoming light-filled primary bedroom is roomy. This space has a connecting bathroom with double sinks, a walk-in closet, and a combination shower with a deep bathtub. This location has many different restaurants to choose from almost within a 6-minute drive. Also, the Glendale Community College is a short 9-minute drive.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Townsend Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $76k289k

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

Neighborhood: Townsend Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8061793

* 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
Sundance Elementary School Primary Regular 710 40 4
Sundance Elementary School Middle Regular 710 40 4
Centennial High School High Regular 2,096 85 6

Sundance Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 40
4
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 40
4
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$262,710$321,090$291,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,014
Property Tax -$156
Property Insurance -$61
HOA -$100
Property Management Fees -$99
CASH FLOW
-$60

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.

$291,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,104

INVESTMENT

$83,104

Down Payment
$72,975
Rehab Estimate
$5,750
Closing Costs
$4,379

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,975
Loan Amount $218,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,192

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
  • $1,501

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3754$1,4005$1,539
$1,539
RENT COMPS ANALYSIS
  • 7052 W Lincoln Street Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7026 W Cesar Street Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2005
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 6815 W Cherry Hills Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 7034 W Mercer Lane Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 7647 W Yucca Street Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $0.92
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184584
Last Updated: 01/22/2021
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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