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13051 W Evergreen Terrace Peoria, AZ 85383

2 Beds 2 Baths 2,111 sqft Built 2008

$459,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $217.86
  • 4 Days on Market
  • MLS # : 6154478
  • Updated Date : 10/31/2020 at 16:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Friedman Realty Associates

Listing Agent's Description

NORTH/SOUTH facing premium Tuscan elevation 'Serenitas' on LARGE CORNER LOT w/OWNED SOLAR! Stunning curb appea! Loaded w/ upgrades & special features. Highly upgraded kitchen w/granite slab counters, tile bksplash, stainless appls-most were NEW in 2019-20, gas 5-burner stove, raised panel cabinets w/ Convenience & Designer packages, incl'g rollouts, pendant & under-cabinet lighting, reverse osmosis. Large neutral tile throughout except bedrooms w/carpeting. Owners' suite w/BAY WINDOW, upgraded bath & two closets. Wonderful open floor plan for entertaining. Cozy private backyd w/huge patio, lush vegetation & 4' privacy wall. POST-TENSION SLAB, PVC drip system, NEST thermostats, water softener, upgr guest bath, 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
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
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,697
Property Tax -$469
Property Insurance -$68
HOA -$259
Property Management Fees -$99
CASH FLOW
-$472

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.

$459,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4004$2,5005$2,500
$2,500
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
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12379 W Bent Tree Drive Peoria, AZ 2
    • 2 beds 2 baths ∙ 2,194 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,194 Sqft ∙ Built 2004
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 29791 N 129th Drive Peoria, AZ 3
    • 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 4
    • 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 5
    • 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
Lana Friedman
Friedman Realty Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154478
Last Updated: 10/31/2020
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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