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11705 W Red Hawk Drive Peoria, AZ 85383

3 Beds 3 Baths 2,882 sqft Built 2018

$769,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $266.83
  • 3 Days on Market
  • MLS # : 6181414
  • Updated Date : 01/17/2021 at 04:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,882 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

7-Offers have been received! Toll Brothers-Blackstone Collection, completed home in 2018! Located within the prestigious Blackstone Country Club! Guard gated community with lots of walking paths, mountain views, & a park. This stunning 1 level home is in immaculate condition located in a private cul-de-sac. This is a 3 bedroom with a flex 4th bedroom option! Included is a 15' pocket rear slider door that opens up the back of the house! Resort style backyard that makes indoor/outdoor entertaining easy & fun! Gourmet kitchen with built in high end Kitchenaid appliances, open to the great room with gas fireplace. Elegant & spacious master retreat with a super sized shower and double closets. Built in's throughout, artificial turf, irrigation, water softner, Tesla solar, Tesla charging station

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k409k

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

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452283

* 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
Lake Pleasant Elementary School Primary Regular 425 24 9
Lake Pleasant Elementary School Middle Regular 425 24 9
Liberty High School High Regular 2,141 93 6

Lake Pleasant Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Lake Pleasant Elementary School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Liberty High School

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

$692,100$845,900$769,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,671
Property Tax -$563
Property Insurance -$83
HOA -$63
Property Management Fees -$99
CASH FLOW
-$709

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.

$769,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,671

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,082

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,9504$2,3005$2,770
$2,770
RENT COMPS ANALYSIS
  • 11705 W Red Hawk Drive Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,882 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,882 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.96
    •  
  • 29092 N 124th Drive Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 12235 W Morning Vista Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2004
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 29755 N 121st Avenue Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2005
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 12260 W Lone Tree Trail Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jamie Alves
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181414
Last Updated: 01/17/2021
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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