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12114 W Rowel Road Peoria, AZ 85383

5 Beds 3 Baths 2,294 sqft Built 2015

$350,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $152.57
  • 6 Days on Market
  • MLS # : 6152664
  • Updated Date : 11/02/2020 at 15:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,294 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Premium Lot! Highly desirable location, this North/South facing home is on a cul-de-sac with views of the mountains.The home features 5 bedrooms and 3 bathrooms with a full bedroom/bathroom on the main level.The main level is complete with an open concept kitchen and living room.The kitchen has an island, warm wood cabinets, gas stove, stainless steel appliances, granite countertops, separate dining area, and tile throughout. The bright living room has upgraded wood-look laminate flooring. Walk upstairs and you will find the spacious owner's suite with a large walk-in shower, dual sinks, and walk-in closet. Three additional bedrooms, a full bath, and laundry room complete the upstairs. Step outside and enjoy the covered patio, grassy area and large side yard and no back neighbors.

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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,291
Property Tax -$241
Property Insurance -$72
HOA -$60
Property Management Fees -$99
CASH FLOW
$47

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.

$350,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$27,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7653$1,8104$1,8255$1,885
$1,885
RENT COMPS ANALYSIS
  • 12114 W Rowel Road Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.79
    •  
  • 12046 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 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 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 4
    • 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
    •  
  • 12107 W Rowel Road Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2015
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tia Moore
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152664
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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