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12493 W Gambit Trail Peoria, AZ 85383

2 Beds 2 Baths 1,867 sqft Built 2004

$519,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $277.99
  • 4 Days on Market
  • MLS # : 6154271
  • Updated Date : 11/02/2020 at 14:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

Rethink Real Estate

Listing Agent's Description

This beautiful Libertas model has 2 beds + 2 baths + Den & Heated POOL/SPA! Home has been renovated & is artistically decorated. Kitchen has been updated & upgraded! Greatroom floorplan open to Kitchen & dining w/ large picture windows overlooking the resort-style backyard. The media wall in Great Room w/ Contemporary feel, rock accents & lights give a warmth to the indoor space. Enjoy outdoor living w/ BBQ Island & Gorgeous pool & spa. Situated on a cul-de-sac lot w/ a garden-like front courtyard & entry. Solar keeps the electric bills low. New water softener & water heater in 2015. Extended length garage w/attached cabinets. Home comes complete w/ BRAND NEW HVAC system, custom cabinets in den, paid off leased solar & updated landscape system.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Ridge at Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k424k

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

Neighborhood: Sunset Ridge at Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10452402

* 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
 

$467,100$570,900$519,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,915
Property Tax -$494
Property Insurance -$64
HOA -$86
Property Management Fees -$99
CASH FLOW
-$657

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.

$519,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$284

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
  • $1,993

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8004$1,8005$2,200
$2,200
RENT COMPS ANALYSIS
  • 12493 W Gambit Trail Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,867 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,867 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12411 W Roberta Lane Peoria, AZ 2
    • 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 3
    • 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
    •  
  • 27582 N 129th Lane Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 12379 W Bent Tree Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 2,194 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,194 Sqft ∙ Built 2004
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jay Patel
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154271
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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