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12212 W Rowel Road Peoria, AZ 85383

3 Beds 2 Baths 1,517 sqft Built 2018

INVESTimate

$296,000

List Price

$1,510

$1,359 - $1,661

Rent Est.

$307,278  ( +3.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $195.12
  • 6 Days on Market
  • MLS # : 6120731
  • Updated Date : 08/21/2020 at 12:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,517 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Welcome to the desirable Gated Community of Coldwater Retreat! Gorgeous ranch style home featuring a soothing palette, 8- foot doors, plush carpet, neutral tiled floors, & open floor plan. Stunning chef's kitchen w/a center island, quartz counters, breakfast bar, SS appliances, pendant lighting, & plethora of handsome wood cabinetry. Generous sized bedrooms, interior large laundry room, & 2 pristine baths. Garage features a service door and 8-ft tall main door. Serene backyard setting offers a covered paver patio & desert plants. Community Park. Do not miss out on this desert gem!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452202

* 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
 

$266,400$325,600$296,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,092
Property Tax -$204
Property Insurance -$57
HOA -$78
Property Management Fees -$99
CASH FLOW
-$20

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.

$296,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.81%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,190

INVESTMENT

$84,190

Down Payment
$74,000
Rehab Estimate
$5,750
Closing Costs
$4,440

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,092

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,000
Loan Amount $222,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5104$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 12212 W Rowel Road Peoria, 3
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.00
    •  
  • 12043 W Desert Sun Lane Peoria, 1
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2016
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 12123 W Hide Trail Peoria, 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2016
    LEASED 04/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 12040 W Lariat Court Peoria, 4
    • 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
    •  
  • 12060 W Desert Sun Lane Peoria, 5
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2015
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Nancy A Lutey
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120731
Last Updated: 08/21/2020
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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