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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $163.81
- 3 Days on Market
- MLS # : 6160983
- Updated Date : 11/21/2020 at 17:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,984 sqft
- Baths : 2 full
Listing Agent
Pro-formance Realty Concepts
Listing Agent's Description
Amazing Home in a great location. 4 Bedrooms/ 2 Bathrooms and a Pool!! This home as all the right updates: Quartz Countertops in the kitchen, Stainless Steel Appliances, Wood look Tile Floors, Granite counters in the master bathroom with double sinks, Walk-in tiled Master Shower with Rainfall Shower head and 2nd shower head with body jets, New Roof in 2016, New Water Heater in 2020, Smart Thermostat and 5 New Anderson Windows 2020. The sparkling play pool is perfect place to host parties or relax near the water during the cooler weather. The RV gate is great for additional parking or keeping your low profile toys. This is a lake community with access to fishing and boating. Close to Rio Vista Community Center, P83 and the Peoria Sports Complex. Schedule your appointment today.
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PRICE & RENT TRENDS
Neighborhood: Landings at Desert Harbor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Landings at Desert Harbor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$221 | |
| Property Insurance | -$66 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$325,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
4.33
YEARS SAVED
$15,654
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,667
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
9139 W Port Royale Lane Peoria, AZ 1
- 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,500
- $0.76
-
8977 W Tierra Buena Lane Peoria, AZ 2
- 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
8929 W Davis Road Peoria, AZ 3
- 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.82
-
9023 W Mauna Loa Lane Peoria, AZ 4
- 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1993
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,699
- $0.82
-
16106 N 90th Avenue Peoria, AZ 5
- 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
PROPERTY LISTING DETAILS
Pro-formance Realty Concepts
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160983
Last Updated: 11/21/2020
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.
