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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $225.09
- 2 Days on Market
- MLS # : 6176363
- Updated Date : 01/02/2021 at 15:48
CONSTRUCTION
- Beds : 2
- Floor Size : 1,124 sqft
- Baths : 2 full
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Peoria one-story cul-de-sac home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.
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PRICE & RENT TRENDS
Neighborhood: Country Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,210 |
| EXPENSES | Loan Payment | -$933 |
| Property Tax | -$138 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$9
|
||
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.
$253,000
PROJECTED PRICE
$1,210
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.5% |
| 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
$72,795
LOAN DETAILS
$933
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,250 |
| Loan Amount | $189,750 |
5.58
YEARS SAVED
$18,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,210
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,079
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
8908 N 105th Drive Peoria, AZ 4
- 2 beds 2 baths ∙ 1,124 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,124 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $1,210
- $1.08
-
8601 N 103rd Avenue #177 Peoria, AZ 1
- 2 beds 2 baths ∙ 961 Sqft ∙ Built 1986 2 beds 2 baths ∙ 961 Sqft ∙ Built 1986
![property image]()
LEASED 10/23/19- Rent
- Rent Per SQFT
- $925
- $0.96
-
10111 W Cumberland Drive Sun City, AZ 2
- 2 beds 1 baths ∙ 1,149 Sqft ∙ Built 1966 2 beds 1 baths ∙ 1,149 Sqft ∙ Built 1966
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,129
- $0.98
-
10623 W Clair Drive Sun City, AZ 3
- 2 beds 2 baths ∙ 1,266 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,266 Sqft ∙ Built 1964
![property image]()
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,175
- $0.93
-
10328 W Kelso Drive Sun City, AZ 5
- 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1968
![property image]()
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,275
- $0.97
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176363
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
