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6938 W Rowel Road Peoria, AZ 85383

5 Beds 3 Baths 3,609 sqft Built 1999

$475,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $131.62
  • 5 Days on Market
  • MLS # : 6169195
  • Updated Date : 12/16/2020 at 16:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,609 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Opportunity knocks in this highly desired community. Large home with 5 bedrooms & den/bonus room which has private door & can be a 6th bedroom. OWNED solar system means $27 electric bills, a huge value on this big house. New stainless steel appliances, pebble finish heated pool & spa. Mountain views from kitchen, family room & master suite. Low maintenance backyard ready for your custom design. If you're looking for a large home, this one has plenty of room and lots of flexibility. Two bedrooms & full bathroom on main floor. Newer exterior paint & some windows replaced in 2018.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terramar

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k391k

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

Neighborhood: Terramar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452119

* 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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Mountain Ridge High School High Regular 2,206 94 7

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,753
Property Tax -$315
Property Insurance -$98
HOA -$10
Property Management Fees -$99
CASH FLOW
$356

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.

$475,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$72,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,617

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,6305$2,700
$2,700
RENT COMPS ANALYSIS
  • 6938 W Rowel Road Peoria, AZ 4
    • 5 beds 3 baths ∙ 3,609 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,609 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.73
    •  
  • 27910 N 66th Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,522 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,522 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.68
    •  
  • 7164 W Paso Trail Peoria, AZ 2
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 25444 N 68th Lane Peoria, AZ 3
    • 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.67
    •  
  • 7432 W Honeysuckle Drive Peoria, AZ 5
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Justin Manning
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169195
Last Updated: 12/16/2020
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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