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12784 W Burnside Trail Peoria, AZ 85383

4 Beds 3 Baths 2,509 sqft Built 2015

$475,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $189.32
  • 6 Days on Market
  • MLS # : 6153473
  • Updated Date : 10/29/2020 at 14:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,509 sqft
  • Baths : 3 full
Listing Agent

Source Real Estate

Listing Agent's Description

Stunning modern Shea Home located in the master-planned community of Vistancia, with beautiful mountain views. Upgrades in this 4 bedroom smart home are endless. The gourmet kitchen features 36'' in gas range, granite countertops, tumbled travertine backsplash and Kitchen Aid appliances. The large Kitchen island is open to the living and dining spaces, perfect for entertaining.Master bathroom features large walk in shower with dual shower heads, upstairs laundry has custom cabinets. Blinds and ceiling fans throughout the house. The 2 car garage has custom cabinets and ceiling racks for plenty of storage. The backyard is ready for you next family gatherings with paved covered patio, outdoor speakers, and spa. This is a must see move in ready home!

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
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,753
Property Tax -$371
Property Insurance -$76
HOA -$29
Property Management Fees -$99
CASH FLOW
-$357

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.

$475,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.41%

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

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,126

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$1,9953$2,1004$2,2955$2,495
$2,495
RENT COMPS ANALYSIS
  • 12784 W Burnside Trail Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.79
    •  
  • 13420 W Tyler Trail Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,605 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,605 Sqft ∙ Built 2007
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 13191 W Creosote Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2008
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 12748 W Calle De Pompas -- Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2011
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.82
    •  
  • 12731 W Calle De Pompas -- Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Scot Brian Wendorf
Source Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153473
Last Updated: 10/29/2020
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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