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7214 W Rowel Road Peoria, AZ 85383

5 Beds 3 Baths 3,581 sqft Built 2013

$650,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $181.51
  • 4 Days on Market
  • MLS # : 6211500
  • Updated Date : 03/27/2021 at 21:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,581 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Located in Peoria, this 5 bed, 3 bath residence boasts a stunning facade with stone veneer accents, desert landscaping, a 3 car garage, and RV gate! Inside you will find a formal dining room, a den ideal for an office, and a large living area with neutral paint throughout. The luxurious chef's kitchen offers staggered cabinetry with crown molding, a pantry, granite countertops, tile backsplash, stainless steel appliances such as a double wall oven, and an island with a breakfast bar. The glamorous master bedroom features a walk-in closet and a private bath with dual sinks, as well as separate tub and shower. Also including a wonderful backyard with a covered patio, grassy area, and a refreshing pool, this home has it all! Call NOW!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Colina del Sur

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k631k

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

Neighborhood: Colina del Sur

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452925

* 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
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

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

Mountain Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,258
Property Tax -$516
Property Insurance -$97
HOA -$165
Property Management Fees -$99
CASH FLOW
-$374

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.

$650,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,7505$2,760
$2,760
RENT COMPS ANALYSIS
  • 7214 W Rowel Road Peoria, AZ 5
    • 5 beds 3 baths ∙ 3,581 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,581 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.77
    •  
  • 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
    •  
  • 7882 W Molly Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,807 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,807 Sqft ∙ Built 2008
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.72
    •  
PROPERTY LISTING DETAILS
Andrea Madison
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211500
Last Updated: 03/27/2021
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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