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11108 N 190th Lane Surprise, AZ 85388

3 Beds 2 Baths 1,988 sqft Built 2018

$418,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $210.71
  • 2 Days on Market
  • MLS # : 6184992
  • Updated Date : 01/23/2021 at 18:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,988 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Your new home is waiting for you! Come and see it now in Surprise with mountain views! This lavish 3 bed, 2 bath residence boasts charming curb appeal with desert landscaping, a 3 car tandem garage, huge extended kitchen island, surround sound speakers, upgraded insulation, newer AC and so much more! The interior features a large open floor plan with a cozy fireplace, neutral paint throughout, and a fabulous kitchen that could make any chef jealous, with its ample cabinetry, granite countertops, stainless steel appliances such as a wall oven, pendant lighting, and island with breakfast bar. Inside the grandiose master bedroom, you will find mountain views, a spacious walk-in closet, and a private bath with a dual vanities. This home has it all!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85388

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85388

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481567

* 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 View Elementary School Primary Regular 1,124 49 5
Mountain View Elementary School Middle Regular 1,124 49 5
Shadow Ridge High School High Regular 1,735 77 4

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Mountain View Elementary School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$377,010$460,790$418,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,455
Property Tax -$251
Property Insurance -$66
HOA -$87
Property Management Fees -$99
CASH FLOW
-$188

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$418,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$116,759

INVESTMENT

$116,759

Down Payment
$104,725
Rehab Estimate
$5,750
Closing Costs
$6,284

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,725
Loan Amount $314,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,7703$1,7754$1,7955$1,799
$1,799
RENT COMPS ANALYSIS
  • 11108 N 190th Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.89
    •  
  • 18271 W Sunnyslope Lane Waddell, AZ 1
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2012
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 19006 W Shangri La Road Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2019
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.83
    •  
  • 18651 W Cinnabar Avenue Waddell, AZ 4
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2014
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 10929 N 188th Drive Surprise, AZ 5
    • 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2019
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.81
    •  
PROPERTY LISTING DETAILS
Breanna F Olsen
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184992
Last Updated: 01/23/2021
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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