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12035 W Leather Lane Peoria, AZ 85383

4 Beds 3 Baths 2,160 sqft Built 2009

$345,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $159.72
  • 4 Days on Market
  • MLS # : 6183830
  • Updated Date : 02/04/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome home! Step inside this spacious two story home that is nestled in the community of Coldwater Ranch in the heart of North Peoria. Upon entering this home, you are greeted with generous soaring ceilings, complemented by neutral paint palettes and new wood replicated laminate flooring. This desired floor plan offers a great room and separate family room concept, offering many furniture variations. The island kitchen boasts rich wood cabinetry, stainless steel appliances, recessed lighting and sleek countertops! Upstairs, you will find 4 spacious bedrooms offering plenty of room for sleep, study and storage. The master bathroom showcases dual sinks, separate shower, garden bathtub and a large walk in closet!

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,198
Property Tax -$237
Property Insurance -$69
HOA -$65
Property Management Fees -$99
CASH FLOW
$71

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.

$345,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.50%

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$24,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6953$1,7404$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 12035 W Leather Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.81
    •  
  • 11928 W El Cortez Place W Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 12034 W Hide Trail Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 12039 W Leather Lane Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2009
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 26114 N 121st Avenue Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2015
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Katie Baccus
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183830
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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