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10016 W Jasmine Trail Peoria, AZ 85383

4 Beds 3 Baths 2,478 sqft Built 2014

$520,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $209.85
  • 3 Days on Market
  • MLS # : 6178263
  • Updated Date : 01/09/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Location, location, location! Popular open great room design with split bedrooms, gas gourmet kitchen package, super shower at master bath, maple cabinets with cafe-licorice glaze, 20 x 20 tile in all the right places, 10' ceilings, 8' doors, upgraded lighting, surround sound pre-wire, RV gate, N/S home site, front landscaping included plus so much more!Close to great schools and minutes away from 303 & 101 freeway.See it today!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k401k

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

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452128

* 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
Vistancia Elementary School Primary Regular 969 45 10
Vistancia Elementary School Middle Regular 969 45 10
Liberty High School High Regular 2,141 93 6

Vistancia Elementary School

  • Education Level: Primary
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Vistancia Elementary School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,806
Property Tax -$315
Property Insurance -$75
HOA -$81
Property Management Fees -$99
CASH FLOW
-$66

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$520,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,367

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,310

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,292

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$2,1954$2,1955$2,310
$2,310
RENT COMPS ANALYSIS
  • 10016 W Jasmine Trail Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.93
    •  
  • 10752 W Rowel Road Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2015
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 27284 N Skipping Rock Road Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2015
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 25172 N 106th Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2019
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 10748 W Bronco Trail Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kuldeep Singh
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178263
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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