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12034 W Tether Trail Peoria, AZ 85383

5 Beds 3 Baths 2,294 sqft Built 2015

$385,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $167.83
  • 4 Days on Market
  • MLS # : 6189898
  • Updated Date : 02/04/2021 at 20:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,294 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Driving along Vistancia Blvd, soaking in rugged vistas of the Bradshaw Mountains, you're greeted by nature w a lush green space & sweeping views of the Twin Buttes Wash & just outside your front door. Find sanctuary in your new home where the soothing color palette invokes mindful greys, calming creamy whites & earthy wood tones and every finish was selected for a low maintenance lifestyle w timeless design. Staggered ceramic plank flooring & plush carpet create a soft backdrop, while soaring ceilings invite the sun streaming in from the windows to brighten your day. Symmetrical, clean lines of natural xeriscape enrobe the bright tuft of premium artificial turf, like a natural outdoor yoga studio. Escape to the Owner's retreat & ensuite bath, featuring a separate soaking tub, +MORE+

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k358k

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

Neighborhood: Coldwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

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

Liberty High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,337
Property Tax -$265
Property Insurance -$72
HOA -$65
Property Management Fees -$99
CASH FLOW
$12

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.

$385,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7653$1,8254$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 12034 W Tether Trail Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 12034 W Hide Trail Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 12118 W Rowel Road Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2015
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.84
    •  
  • 12234 W Desert Sun Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.84
    •  
  • 12018 W Tether Trail Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,105 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,105 Sqft ∙ Built 2015
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
PROPERTY LISTING DETAILS
Nate Brill
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189898
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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