Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12864 W Katharine Way Peoria, AZ 85383

2 Beds 3 Baths 2,180 sqft Built 2011

$549,500

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $252.06
  • 3 Days on Market
  • MLS # : 6193612
  • Updated Date : 02/12/2021 at 18:25
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

What a Beautiful Upgraded ''Genova'' model home with 2 BR/2 BA & Den on oversized lot w PRE-PAID SOLAR, Smart Space, Golf Cart Garage! Paver Lined Driveway & Front Entry welcome you home w Stunning Iron Security Door. Step inside to Rotunda w Mosaic Inlay & find Tile Flooring t/o , Gourmet Kitchen w Gas Stove, Slab Granite, Maple Cabs w roll-outs & Kitchen Island & Pendant Lighting. Great Room w Custom Medial Wall & b/i Credenza. Both BR's w Wood-look Tile Floors, ensuite to Baths. Amazing Laundry Room w b/i Storage, Workspace & Pantry w roll-out Shelves. Expansive & Upgraded Backyard w Raised Fire Pit w Banco Seating, b/i Bistro Bar, Spanish Tiled Water Feature, Ext'd Paver Patio, Misters & Surround Sound. Plenty of room to add Pool/Spa! Plus Privacy & Mountain Views. See Documents Tab.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k444k

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

Neighborhood: Trilogy at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452339

* 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
 

$494,550$604,450$549,500

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,909
Property Tax -$531
Property Insurance -$70
HOA -$86
Property Management Fees -$99
CASH FLOW
-$314

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.

$549,500

PROJECTED PRICE

$2,380

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.3%
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$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$151,368

INVESTMENT

$151,368

Down Payment
$137,375
Rehab Estimate
$5,750
Closing Costs
$8,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,909

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,375
Loan Amount $412,125
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,507

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,5003$2,5004$2,800
$2,800
RENT COMPS ANALYSIS
  • 12864 W Katharine Way Peoria, AZ 1
    • 2 beds 3 baths ∙ 2,180 Sqft ∙ Built 2011 2 beds 3 baths ∙ 2,180 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.09
    •  
  • 12847 W Gambit Trail Peoria, AZ 2
    • 2 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 13154 W Morning Vista Drive Peoria, AZ 3
    • 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
  • 12071 W Red Hawk Drive Peoria, AZ 4
    • 2 beds 3 baths ∙ 2,228 Sqft ∙ Built 2013 2 beds 3 baths ∙ 2,228 Sqft ∙ Built 2013
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.26
    •  
PROPERTY LISTING DETAILS
Kimberly W. Nance
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193612
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy