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13341 W Lariat Lane Peoria, AZ 85383

3 Beds 3 Baths 1,953 sqft Built 2020

INVESTimate

$358,990

List Price

$1,870

$1,683 - $2,057

Rent Est.

$372,668  ( +3.81%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $183.81
  • 9 Days on Market
  • MLS # : 6119243
  • Updated Date : 08/25/2020 at 12:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,953 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Affordable new construction homes with Peoria address and Peoria schools! Features: 4 Panel Sliding Door, 8' Gate at side yard, Garage service door, gas stub at back yard, pavers at covered entry, driveway, and walk. Stainless steel appliances including gas range, dishwasher, and microwave. Shaker style cabinets painted white and dovetail, with 42'' uppers at kitchen. Grey silestone countertops at kitchen. Electrical and plumbing upgrades throughout. Flooring upgrades throughout, including 6x36 faux wood look tile. Garage door opener included.

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
 

$323,091$394,889$358,990

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,325
Property Tax -$247
Property Insurance -$65
HOA -$55
Property Management Fees -$99
CASH FLOW
$79

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.

$358,990

PROJECTED PRICE

$1,870

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.81%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,132

INVESTMENT

$97,132

Down Payment
$89,748
Rehab Estimate
$2,000
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,748
Loan Amount $269,243
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$31,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,885

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8504$1,8705$1,895
$1,895
RENT COMPS ANALYSIS
  • 13341 W Lariat Lane Peoria, 4
    • 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.96
    •  
  • 26508 N 132nd Lane Peoria, 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 13341 W Yearling Road Peoria, 2
    • 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 13547 W Remuda Drive Peoria, 3
    • 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 2018
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 13144 W Lariat Lane Peoria, 5
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ashley Pickens
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119243
Last Updated: 08/25/2020
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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