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13325 W Jesse Red Drive Peoria, AZ 85383

5 Beds 4 Baths 3,721 sqft Built 2013

$595,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $159.90
  • 7 Days on Market
  • MLS # : 6158038
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,721 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Huge open living space to include the kitchen, dining spaces, and a great room. This home includes a large island, granite, upgraded staggered kitchen cabinets , large walk in pantry. Master bedroom has a private patio located off the room, his and her walk in closets, dual sinks, and huge walk in shower. The second level opens up to a huge loft and 2 bedrooms connected by jack & jill bathroom and 2 share a separate full bath. 2 patios, pavers, fire pit, grass. Mertiage energy efficient home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Village at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Village at Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452053

* 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
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,195
Property Tax -$424
Property Insurance -$100
HOA -$39
Property Management Fees -$99
CASH FLOW
-$267

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.

$595,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$18,266

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
  • $2,828

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,8954$3,000
$3,000
RENT COMPS ANALYSIS
  • 13325 W Jesse Red Drive Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,721 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,721 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29132 N 122nd Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,994 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,994 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.63
    •  
  • 12860 W Via Caballo Blanco Drive Peoria, AZ 3
    • 4 beds 4 baths ∙ 3,555 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,555 Sqft ∙ Built 2012
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.81
    •  
  • 30732 N 127th Drive Peoria, AZ 4
    • 4 beds 5 baths ∙ 3,573 Sqft ∙ Built 2007 4 beds 5 baths ∙ 3,573 Sqft ∙ Built 2007
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158038
Last Updated: 11/13/2020
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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