




$464,950
Investment Summary
- Monthly Cash Flow
- -$608
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -6.8%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -2.6%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
What an incredible opportunity to live in one of the most desired neighborhoods in the entire valley of the sun where active lifestyles meet modern day convenience. Welcome to the wonderful community of Sweetwater Ridge, a magnificent upscale Peoria neighborhood that's perfectly placed right in the heart of Peoria. Strategically set on a private oversized pie shaped lot with RV parking, this spacious 5 bedroom, 3 bathroom turnkey home offers the perfect blend of comfort, convenience, and connectivity. Ideally located just minutes from Loop 101, State Route 60, and I-17, you'll enjoy effortless access to all of Phoenix and the surrounding areas. Whether you're commuting for work, heading out for a night on the town, or escaping *Click More* for a weekend getaway, you'll appreciate the unbeatable convenience of this prime Peoria location. Got toys? No problem, complete with a wide RV gate plus extra dedicated parking slab parking front and back, there's plenty of room for your RV, boat, or extra vehicles. Everyday essentials and local favorites are just around the corner. You'll be moments away from Sprouts Farmers Market, perfect for picking up fresh, organic groceries. Craving a bite? Enjoy the flavorful offerings of Dutch Brothers Coffee, known for its expertly roasted brews, or spice things up at Twist Hot Chicken, a local hotspot for bold, savory flavors. Doing some work around your home, Lowe's Home Improvement is just minutes down the street. Just steps away from your neighborhood Walmart means less time running errands and more time enjoying life. Whether you're grabbing dinner ingredients after work or picking up a prescription or last-minute supplies, the convenience of having a Walmart nearby makes daily living easier, faster, and stress-free. Sweetwater Ridge is the perfect place for an evening stroll, bike ride or jog with your friends, family and neighbors. Just a short walk to the highly rated award winning Oakwood Elementary School and Sweetwater Park. Sweetwater Park offers an inviting blend of recreation, relaxation, and outdoor fun making it a standout feature for nearby homeowners. This scenic park includes basketball and tennis courts, perfect for sports enthusiasts, while the playgrounds and open grassy play areas provide endless opportunities for kids to run, play and have a ton of fun in the sun. You'lll love the shaded picnic areas, ideal for weekend barbecues or casual gatherings. Another wonderful park nearby is Rio Vista Community Park, just a 5 minute car ride offers 52 acres of an array of amenities that cater to all ages. Residents can enjoy a splash pad, a skate park, lighted sand volleyball courts, and an urban fishing lake. The park also features multiple athletic fields, a well-equipped playground, and the Rio Vista Recreation Center, which includes indoor racquetball courts and a climbing wall. Additionally, the park is home to the Peoria Veterans Memorial, providing a serene space to honor those who have served. Living near this vibrant community hub offers unparalleled access to diverse recreational activities and a strong sense of community. This home offers a floor plan that is spacious, yet efficient and combines quality and elegance, perfect for entertaining or a quiet night at home. The main floor includes an expansive great room with plenty of room for friends, family and everyday living. The heart of the home is a spectacular custom-built chef's gourmet kitchen designed to impress with top-of-the-line finishes. Enjoy elegant gatherings in the spacious formal dining room or unwind at the stylish coffee and wine bar. A beautifully appointed guest bedroom, full bathroom and laundry room complete the main level. Upstairs the luxurious master suite features a spa-inspired bathroom designed for relaxation. Three additional bedrooms offer comfort and style, each outfitted with ceiling fans, custom Ikea smart window coverings, upgraded smart light switches and beautiful low maintenance plank-style vinyl wood flooring. The cozy front porch welcomes you to a dramatic entry that's light, bright and open featuring soaring ceilings, gorgeous vinyl wood plank style flooring, upgraded baseboards, custom window covers, rounded corners, plant shelves, ceiling fans, raised panel doors, designer two-tone paint and upgraded lighting, hardware and fixtures throughout. The great room is spacious, cheery, airy and warm with abundant natural lighting and walls of scenic glass inviting the outside in extending this fabulous floor plan. Like to cook? Enjoy preparing lavish meals and memories in your recently remodeled chefs eat in kitchen featuring sleek, contemporary custom cabinets with soft-close hinges and designer hardware topped with stunning solid quartz slab countertops that offer both beauty and durability. Built-in lazy Susans with pull-out extendable shelves adds smart storage and easy access to cookware. At the heart of the kitchen is a massive prep island providing generous counter space for cooking, serving and gatherings. It's truly the perfect place for birthdays celebrations, an elegant dinner, neighborhood get-togethers and enjoyable holidays with family and friends. Surrounding the space are an abundance of cabinets, expansive countertops, a convenient breakfast bar, custom shelving, scenic bay windows and French door all working together to fill the room with natural light and inviting warmth. Additional highlights include a sleek stainless steel Farmhouse apron sink with a custom faucet, an oversized pantry and top-of-the-line stainless steel appliances including a Frigidaire refrigerator, double ovens, a striking custom vent hood and a high-end GE Profile 5-burner cooktop. The adjacent breakfast bar offers a perfect spot for casual dining or morning coffee. Designed for both elegance and ease, the formal dining area features custom lighting and decorative shelving with ample space to host everything from large dinner parties to quiet family meals. Enhancing the space, the adjacent built-in buffet and coffee station offering a perfect blend of charm and practicality that's ideal for storing entertaining essentials, displaying serve ware or a wonderful place for a beautiful vase of fragrant roses. This seamless setup truly makes the kitchen and dining area the heart of the home. Enjoy good food, great friends and memorable dinner parties. The expansive fifth bedroom on the main level offers exceptional flexibility and style, featuring rich vinyl wood plank style flooring, decorative shelving, ceiling fan and designer two-tone paint. Whether you envision a private guest suite, a home office, fitness room, or an extra living area, this versatile space adds valuable functionality and is the perfect solution for the extra room today's buyers are looking for. The main floor full bath is designed with family living in mind, featuring oversized neutral tile flooring, extended hardwood cabinetry and durable cultured marble countertops. There's a custom mirror, upgraded lighting, hardware, and fixtures, this space offers both style and practicality for everyday use. Ideally situated within the floor plan for maximum convenience, the laundry room features neutral tile flooring, custom shelving and a ceiling fan. The Sellers are including the Whirlpool front-load washer and dryer. Laundry day will become efficient and effortless. Now up the beautiful Oak stairs to the master suite along with the 3 additional bedrooms and 2 more full baths. Secondary bedrooms are all good sized with easy maintenance wood look vinyl flooring, nice closet space, ceiling fans, and great lighting. Additionally all of the 5 bedrooms have Kasa/TP-Link smart home switches for both and lights and ceiling fans as well as IKEA black out smart window blinds in 4 of the 5 bedrooms (there is a 5th smart blind in the kitchen that could be moved to the 5th bedroom). The upstairs full bath offers beautiful neutral tile flooring, solid hardwood cabinetry with cultured marble countertops including a large oversized mirror, tub/shower combo and upgraded lighting, hardware and fixtures. Now relax and retreat to the split and spacious master suite featuring soaring vaulted ceilings with great natural lighting, gorgeous plank wood style vinyl flooring, custom baseboards, upgraded ceiling fan and a huge, oversized walk-in closet. The spa inspired master bath includes upscale vinyl flooring, gorgeous hardwood cabinets with cultured marble countertops, Double sinks, a large wall mirror, medicine cabinet, soothing garden soaking tub and upgraded lighting, hardware and fixtures. The shower includes an upgraded and extended Rainbird shower head with expanded shower enclosure. Want to get away.... Grab a good book and glass of wine and head out to the huge cozy covered patio and enjoy Arizona's outdoor living at its finest. This low maintenance backyard is ABSOLUTELY AMAZING and laid out perfectly for efficiency, relaxation, fun and entertaining. The indoor & outdoor living spaces blend seamlessly to create an entertainment masterpiece perfect for large parties, intimate gatherings and outdoor living. Looking for a peaceful and tranquil place to unwind, relax, exhale and escape the daily pressures of our daily lives, this is it! This exceptional 5-bedroom home offers versatile living spaces, modern comforts, and unbeatable RV amenities with amazing storage all set on a prime oversized lot making it a true standout. This home is also equipped with a Ring Security System, fire alarm and soft water System by American Home Water company. Low HOA fees of $40.50 a year or $3.38 per month, a great value. This home is the complete package where community and convenience meet affordability. You'll truly appreciate the impeccable selection of luxurious appointments and fine finishes that blend quality and sophistication throughout this incredible turnkey 5 bedroom. Better hurry on this one, it's truly a MUST see and the perfect place to call home. Welcome Home.... Please see the Documents Tab for the Smart Home Features Explained Page As Well As A Few Of Many Surrounding Amenities And Activities Page
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.



Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal



Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy



Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.



Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Electric Door Opener, RV Gate
- Details: RV Access/Parking, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 5
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
HOA
- Has HOA: Yes
- Association: Sweetwater Ridge
- HOA Fee: $40/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 20098949
- Lot Size: 5702 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1997
Tax Information
- Annual Tax: $1,554
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details

Investment Summary
- Monthly Cash Flow
- -$608
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -6.8%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -2.6%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $464,950 |
---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$371,960 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $92,990 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $13,949 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $106,939 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,112 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $220 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.18 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $371,960 |
---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $2,200 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $130 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $175 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $2,505 |
Operating Income
% Rent | Monthly | Yearly | |
---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
Operating Expenses
% Rent | Monthly | Yearly | |
---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 5% | -$130 | -$1,554 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$175 | -$2,100 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$200 | -$2,400 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$125 | -$1,500 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$125 | -$1,500 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 0% | -$3 | -$36 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 30% | -$758 | -$9,090 |
Cash Flow
Monthly | Yearly | |
---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,592 | $19,104 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$2,200 | -$26,400 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $608 | $7,296 |