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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $206.12
- 2 Days on Market
- MLS # : 6174117
- Updated Date : 12/26/2020 at 21:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,504 sqft
- Baths : 2 full
Listing Agent
Retsy
Listing Agent's Description
CHARMING, WELL MAINTAINED 3 BEDROOM HOME IN SOUGHT-AFTER AREA OF PARKRIDGE, NORTH PEORIA. NEW LAMINATE PLANK FLOORING THROUGHOUT, WITH CARPET IN BEDROOMS 2 & 3. KITCHEN OPENS UP TO DINING/FAMILY AREA WITH PLANTATION SHUTTERS ON THE WINDOWS. MODERN ARCADIA DOOR LEADS TO THE SCREENED-IN COVERED PATIO. BACK YARD HAS A GRASS AREA FOR KIDS AND FUR BABIES, AND A SMALL FIRE PIT. MASTER BATH HAS A NEWLY RENOVATED SHOWER, SEPARATE GARDEN TUB, TWIN SINKS, SEP TOILET ROOM AND A WALK-IN CLOSET. CEILING FANS THROUGHOUT HOME. NEW STAINLESS STEEL APPLIANCES, AND 2 YEAR OLD FRIDGE WITH WATER SYSTEM CONVEYS. RV GATE. JUST A SHORT DRIVE TO 101 FWY, DEEM HILLS REC AREA, SHOPPING, RESTAURANTS, PEORIA SPORTS COMPLEX, ARROWHEAD ENTERTAINMENT CENTER, ARROWHEAD MALL, AND RIO VISTA COMMUNITY PARK.
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PRICE & RENT TRENDS
Neighborhood: Parkridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$214 | |
| Property Insurance | -$57 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$43
|
||
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.
$310,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
6.42
YEARS SAVED
$27,313
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,354
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
9572 W Mary Ann Drive Peoria, AZ 4
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $1.04
-
20493 N 94th Avenue Peoria, AZ 1
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001
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LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,495
- $0.88
-
9759 W Mohawk Lane Peoria, AZ 2
- 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997
![property image]()
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,500
- $0.91
-
9842 W Irma Lane Peoria, AZ 3
- 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
-
9625 W Tonopah Drive Peoria, AZ 5
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1998
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,595
- $0.96
PROPERTY LISTING DETAILS
Retsy
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174117
Last Updated: 12/26/2020
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.
