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8056 W Carlota Lane Peoria, AZ 85383

4 Beds 3 Baths 2,897 sqft Built 1999

$635,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $219.19
  • 3 Days on Market
  • MLS # : 6193177
  • Updated Date : 02/14/2021 at 04:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,897 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

Beautiful curb appeal for this gorgeous 4 bed, 3 bath, 3 car garage home with an extended driveway to the RV gates and parking. Large leased solar system. Formal living & dining. Beautiful laminate wood & tile floors throughout. Double door entry to the home office. Spacious open floor plan for the kitchen, dining, and family room. The stunning kitchen has a plethora of custom cabinets, Corian counters, island with breakfast bar. Generous sized bedrooms. The laundry room has storage and a wash sink. The owner's suite has a full bath and walk-in closet. The large backyard is an entertainer's delight with a covered patio, pebble tec pool & spa with water feature, full outdoor kitchen, outdoor bar top, lawn area, and so much more! Make this your new home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fletcher Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Fletcher Heights

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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating

Sunrise Mountain High School

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

$571,500$698,500$635,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,206
Property Tax -$432
Property Insurance -$84
HOA -$15
Property Management Fees -$99
CASH FLOW
-$385

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.

$635,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.39%

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-$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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,506

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3494$2,4505$3,200
$3,200
RENT COMPS ANALYSIS
  • 8056 W Carlota Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.85
    •  
  • 7894 W Salter Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 21672 N Geraldine Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 8611 W Alex Avenue Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
  • 8031 W Via Del Sol -- Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Tyler Austin Davis
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193177
Last Updated: 02/14/2021
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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