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13073 W Redbird Road Peoria, AZ 85383

2 Beds 2 Baths 1,867 sqft Built 2006

$507,500

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $271.83
  • 3 Days on Market
  • MLS # : 6167832
  • Updated Date : 12/05/2020 at 08:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

Realty Arizona Elite Group, Llc

Listing Agent's Description

GORGEOUS PRIVATE home on an AMAZING OVERSIZED LOT w/STUNNING MOUNTAIN VIEWS & SPECTACULAR SUNSETS! This SOLAR (pre-paid lease) home has great curb appeal w/mature landscaping & a lg paver courtyard. Once inside-an open floor plan w/UPGRADES T/O. Chefs kitchen w/staggered raised panel cabinetry, built-in ss appl, beautiful c-tops, pendant lighting, designer back splash & large breakfast island. Main areas (dining, great room & owner's suite) overlooks the RESORT BACKYARD. Off the great room is a private office/den w/sliding barn doors. Owner's suite also has a barn door, custom closets & dual sinks. 2nd bath w/door to bedroom creates a guest suite. ENTERTAINER'S DREAM OASIS has an ext paver patio, pergola, stone water feature, motorized awnings, synthetic grass, curved stone wall & misters.

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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
 

$456,750$558,250$507,500

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,872
Property Tax -$501
Property Insurance -$64
HOA -$86
Property Management Fees -$99
CASH FLOW
-$622

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.

$507,500

PROJECTED PRICE

$2,000

PROJECTED RENT

0.39%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,238

INVESTMENT

$140,238

Down Payment
$126,875
Rehab Estimate
$5,750
Closing Costs
$7,613

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,875
Loan Amount $380,625
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8004$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 13073 W Redbird Road Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,867 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,867 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 12411 W Roberta Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 13039 W Red Fox Road Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 27582 N 129th Lane Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 12379 W Bent Tree Drive Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Evelyn Saracco
Realty Arizona Elite Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167832
Last Updated: 12/05/2020
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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