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13242 W Rowel Road Peoria, AZ 85383

3 Beds 2 Baths 1,820 sqft Built 2016

$349,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $192.25
  • 11 Days on Market
  • MLS # : 6151701
  • Updated Date : 10/25/2020 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Phoenix View Realty

Listing Agent's Description

This gorgeous single story home is now available in North Peoria! With charming curb appeal, this open concept property features 3 bedrooms, 2 bathrooms, AND a den perfect for a playroom or office! This spacious floorpan, boasts a large living area with designer paint, stunning tile flooring, and modern light fixtures and shelving. The kitchen features stainless steel appliances, ample cabinetry, custom backsplash, granite countertops, walk-in pantry & breakfast bar. The master suite is complete with grey wainscoting, neutral carpet, large walk in shower, double sinks & walk-in closet. In the backyard you will find a covered patio perfect for watching the evening game, a patio extension for sitting fireside under your ramada & the perfect amount of grass. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k358k

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

Neighborhood: Rancho Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,291
Property Tax -$241
Property Insurance -$63
HOA -$55
Property Management Fees -$99
CASH FLOW
$52

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.

$349,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.51%

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) 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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$28,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8004$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 13242 W Rowel Road Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 26508 N 132nd Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 13341 W Yearling Road Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 13144 W Lariat Lane Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 13126 W Lariat Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
PROPERTY LISTING DETAILS
Elizabeth Miller
Phoenix View Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151701
Last Updated: 10/25/2020
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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