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12079 W Red Hawk Drive Peoria, AZ 85383

2 Beds 2 Baths 1,920 sqft Built 2013

$357,500

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $186.20
  • 2 Days on Market
  • MLS # : 6155049
  • Updated Date : 11/02/2020 at 10:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Lake Pleasant Real Estate

Listing Agent's Description

Sensational 2 Bed + Den, 2 Bath Blackstone Villa with all the fine details included. Paver driveway and courtyard. Custom front door. Kitchen features granite slab counters, dark maple cabinetry with pullout drawers, and stainless appliances. Custom lighting and valances add a special touch! You will love the custom closets throughout, the framed mirrors in both bathrooms, the granite countertops in the laundry room, and the extended garage with epoxy floors and built-in cabinetry. Owner's Suite features sliding door out to the covered patio. Extended paver patio and no neighbors behind make this backyard extremely private! This property makes a great rental investment. Similar home on same street just leased for $2800/mo unfurnished!! Talk about great ROI.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blackstone at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k595k

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

Neighborhood: Blackstone at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452721

* 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
 

$321,750$393,250$357,500

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,319
Property Tax -$289
Property Insurance -$65
HOA -$115
Property Management Fees -$99
CASH FLOW
$3

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.

$357,500

PROJECTED PRICE

$1,890

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.8%
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$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$100,488

INVESTMENT

$100,488

Down Payment
$89,375
Rehab Estimate
$5,750
Closing Costs
$5,363

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,319

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,375
Loan Amount $268,125
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$22,468

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8904$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 12079 W Red Hawk Drive Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,920 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,920 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.98
    •  
  • 12411 W Roberta Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 13039 W Red Fox Road Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 29791 N 129th Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 2,193 Sqft ∙ Built 2009 2 beds 2 baths ∙ 2,193 Sqft ∙ Built 2009
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 13154 W Morning Vista Drive Peoria, AZ 5
    • 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Benjamin J. Katz
Lake Pleasant Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155049
Last Updated: 11/02/2020
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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