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13038 W Domino Drive Peoria, AZ 85383

2 Beds 2 Baths 2,141 sqft Built 2008

$530,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $247.55
  • 1 Days on Market
  • MLS # : 6179231
  • Updated Date : 01/10/2021 at 01:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,141 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautiful Private Pool Home located inside Trilogy at Vistancia, a 55+ Resort Community. This home has a Private Gated Courtyard, with a Large Fountain for morning Coffee and Relaxation. The Large open Great Room with FPL, Surround Sound and Private Dining Room Area, open to a Wall of Windows showing a Beautiful Covered Patio and Pool. The Kitchen, has lots of Cabinets, with with Pull outs and Built-in Stainless Gas Appliances. A large Bar for eating in the Kitchen and Entertaining! Lots of Cabinets in the Laundry Room, with sink. Large Master Bedroom and Double sink Bathroom, with Walk-in Closet. The Den has a built-in Desk and Cabinets for an Office, with plenty of extra Room for TV and Entertaining. The additional Guest Bedroom and Bathroom, located down the Hall for Privacy. Cont..

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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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,841
Property Tax -$532
Property Insurance -$69
HOA -$86
Property Management Fees -$99
CASH FLOW
-$37

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.

$530,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.49%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,590
$2,590
RENT COMPS ANALYSIS
  • 13038 W Domino Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 2,141 Sqft ∙ Built 2008 2 beds 2 baths ∙ 2,141 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.21
    •  
  • 29791 N 129th Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 2,193 Sqft ∙ Built 2009 2 beds 2 baths ∙ 2,193 Sqft ∙ Built 2009
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $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
    •  
PROPERTY LISTING DETAILS
Lynne Petersen
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179231
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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