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13051 W Evergreen Terrace Peoria, AZ 85383

2 Beds 2 Baths 2,111 sqft Built 2008

$599,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $284.18
  • 2 Days on Market
  • MLS # : 6263275
  • Updated Date : 07/12/2021 at 22:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Located in gated Trilogy at Vistancia 55+ adult community, NORTH/SOUTH facing premium Tuscan elevation 'Serenitas' on LARGE CORNER LOT w/OWNED SOLAR! Loaded w/ upgrades & special features. Highly upgraded kitchen w/granite slab counters, tile baksplash, stainless appliances, most were NEW in 2019-20, gas 5-burner stove, raised panel cabinets w/ Convenience & Designer packages, incl'g rollouts, reverse osmosis. Large neutral tile throughout except bedrooms w/carpeting. Master w/bay window, upgraded bath & two closets. Wonderful open floor plan for entertaining. Cozy private backyard w/expanded option patio, lush vegetation & 4' privacy wall, fresh turf front & back, NEST thermostats, water softener, central vac, 4-ft EXTENDED 2-car garage + extra area for golf cart & storage.

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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

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

Liberty High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,084
Property Tax -$602
Property Insurance -$68
HOA -$86
Property Management Fees -$99
CASH FLOW
-$749

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.

$599,900

PROJECTED PRICE

$2,190

PROJECTED RENT

0.37%

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-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,371

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,3003$2,6254$2,800
$2,800
RENT COMPS ANALYSIS
  • 13051 W Evergreen Terrace Peoria, AZ 1
    • 2 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008 2 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.04
    •  
  • 13142 W Lone Tree Trail Peoria, AZ 2
    • 2 beds 3 baths ∙ 2,439 Sqft ∙ Built 2015 2 beds 3 baths ∙ 2,439 Sqft ∙ Built 2015
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 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
    property image
    LEASED 06/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,625
    • $1.17
    •  
  • 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
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.26
    •  
PROPERTY LISTING DETAILS
Aaron F Shephard
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263275
Last Updated: 07/12/2021
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.

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