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12120 W Cottontail Lane Peoria, AZ 85383

3 Beds 2 Baths 1,498 sqft Built 2015

$330,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $220.29
  • 2 Days on Market
  • MLS # : 6157773
  • Updated Date : 11/07/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,498 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Amazing home with upgrades galore! Gourmet kitchen with upgraded cabinets, granite countertop, designer pendants. Upgraded flooring in home and garage, shower, mirrors, and more! Natural colors and beautifully laid out. Leaving washer, dryer, and refrigerator. Move in ready! You will absolutely fall in love with this centrally located home in a tight knit community!

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,218
Property Tax -$227
Property Insurance -$56
HOA -$60
Property Management Fees -$99
CASH FLOW
-$150

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.

$330,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,5504$1,7005$1,850
$1,850
RENT COMPS ANALYSIS
  • 12120 W Cottontail Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24024 N 118th Avenue N Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2005
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 12040 W Lariat Court Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2015
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 12130 W Hide Trail Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2015
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.13
    •  
  • 12044 W Desert Sun Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2015
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
PROPERTY LISTING DETAILS
Lois Campbell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157773
Last Updated: 11/07/2020
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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