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12782 W Eagle Ridge Lane Peoria, AZ 85383

5 Beds 3 Baths 2,857 sqft Built 2005

$449,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $157.16
  • 4 Days on Market
  • MLS # : 6156247
  • Updated Date : 11/05/2020 at 09:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,857 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Move-in ready home in the beloved Vistancia community! Updates throughout home including wood like tile flooring, remodeled bathrooms, new stainless steel appliances and 9.86 kwh OWNED SOLAR SYSTEM! Home boasts 5 bedrooms, 3 baths, den and large lot. Enjoy sipping morning coffee on the private balcony of your new master suite. Huge backyard with fountain is great for entertaining or future pool if desired or use the community pool just minutes away. Very clean and well maintained home. New garage door opener just installed & stainless steel refrigerator conveys. This home won't last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Village at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Village at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452053

* 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
Vistancia Elementary School Primary Regular 969 45 10
Vistancia Elementary School Middle Regular 969 45 10
Liberty High School High Regular 2,141 93 6

Vistancia Elementary School

  • Education Level: Primary
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Vistancia Elementary School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$404,100$493,900$449,000

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 -$1,657
Property Tax -$387
Property Insurance -$83
HOA -$29
Property Management Fees -$99
CASH FLOW
-$254

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.

$449,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,171

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0954$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 12782 W Eagle Ridge Lane Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,857 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,857 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 12616 W Blackstone Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 12090 W Dove Wing Way Peoria, AZ 3
    • 6 beds 3 baths ∙ 2,822 Sqft ∙ Built 2004 6 beds 3 baths ∙ 2,822 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 12260 W Lone Tree Trail Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 30736 N 126th Drive Peoria, AZ 5
    • 6 beds 3 baths ∙ 3,166 Sqft ∙ Built 2006 6 beds 3 baths ∙ 3,166 Sqft ∙ Built 2006
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Sarah J Teeter
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156247
Last Updated: 11/05/2020
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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