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13240 W Crestvale Drive Peoria, AZ 85383

5 Beds 4 Baths 3,167 sqft Built 2020

$630,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $198.93
  • 2 Days on Market
  • MLS # : 6206793
  • Updated Date : 03/20/2021 at 03:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,167 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 5 bedroom , 3.75 bathroom home with gourmet kitchen, double stacked upper cabinets to the ceiling with crown moldings, farmhouse sink, granite counters, stainless steel kitchen aid oven and microwave/convection oven, kitchen aid refrigerator, reverse osmosis, gas on demand hot water heater, walk in closets in 4 bedrooms, tile, laminate and carpet floors, 10 foot ceilings, electric fireplace in the family room, and new paint on the interior. The laundry room is loaded with cabinets and storage.The backyard is like a park with a a huge BBQ island, refer and beverage cooler, seating benches, planters and a firepit.Garage also has built in storage cabinets.Some furnishings are available outside of escrow.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452202

* 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
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,188
Property Tax -$376
Property Insurance -$89
HOA -$72
Property Management Fees -$99
CASH FLOW
-$424

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$630,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 3.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,950

INVESTMENT

$168,950

Down Payment
$157,500
Rehab Estimate
$2,000
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,767

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
  • $2,365

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1954$2,300
$2,300
RENT COMPS ANALYSIS
  • 13240 W Crestvale Drive Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,167 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,167 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12090 W Dove Wing Way Peoria, AZ 2
    • 6 beds 3 baths ∙ 2,822 Sqft ∙ Built 2004 6 beds 3 baths ∙ 2,822 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 12714 W Dove Wing Way Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
  • 12260 W Lone Tree Trail Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
PROPERTY LISTING DETAILS
Ronald P. Rucshner
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206793
Last Updated: 03/20/2021
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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