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12935 W Cassia Trail Peoria, AZ 85383

3 Beds 2 Baths 1,902 sqft Built 2017

INVESTimate

$395,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$413,091  ( +4.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $207.68
  • 6 Days on Market
  • MLS # : 6120858
  • Updated Date : 08/21/2020 at 14:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,902 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Every finish in this beautiful home was carefully chosen to be just right when it was built. The premium lot in this pristine neighborhood with only one direct neighbor. The 8' interior doors. The beautiful entry door. The granite counter tops. The variable height cabinets with crown molding. The wood-look tile. The upgraded gas cook top. The upgraded ceiling fans and lights. The stainless appliances. The list goes on! This 3 bedroom, 2 bathroom, 3 car tandem garage home is picture perfect and ready for a new owner to start making new memories. Enjoy everything that this community has to offer in this model-like home.

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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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,457
Property Tax -$346
Property Insurance -$64
HOA -$86
Property Management Fees -$99
CASH FLOW
-$403

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.

$395,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.58%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,406

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5953$1,6504$1,7605$1,825
$1,825
RENT COMPS ANALYSIS
  • 12935 W Cassia Trail Peoria, 3
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 12755 W Chucks Avenue Peoria, 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2008
    property image
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 12771 W Chucks Avenue Peoria, 2
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 2008
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 12774 W Lowden Road Peoria, 4
    • 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2008
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.97
    •  
  • 13203 W Copperleaf Lane Peoria, 5
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2015
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michael Wills
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120858
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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