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11131 W Lily Mckinley Drive Surprise, AZ 85378

4 Beds 3 Baths 2,441 sqft Built 2000

$363,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $148.71
  • 2 Days on Market
  • MLS # : 6194085
  • Updated Date : 02/13/2021 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,441 sqft
  • Baths : 2 full , 1 half
Listing Agent

Libertas Real Estate

Listing Agent's Description

This is a must see! Spacious open floor plan with formal living room & dining room that flows into kitchen, eat in area & great room. The kitchen features granite countertops, stainless steal appliances and island. The backyard is an entertainers dream! It features a large covered patio, built in kitchen, gazebo and view fencing w/ no neighbors behind you. RV gate access and a side area that could be used as a dog run. Great location for easy access to Surprise and Peoria! This property also is in the Peoria Unified School district boundaries.Come take a look TODAY!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $94k271k

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

Neighborhood: Canyon Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8951567

* 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
 

$326,700$399,300$363,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,261
Property Tax -$223
Property Insurance -$75
HOA -$68
Property Management Fees -$99
CASH FLOW
-$155

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.

$363,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$101,945

INVESTMENT

$101,945

Down Payment
$90,750
Rehab Estimate
$5,750
Closing Costs
$5,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,261

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,750
Loan Amount $272,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5703$1,6954$1,6955$1,899
$1,899
RENT COMPS ANALYSIS
  • 11131 W Lily Mckinley Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.64
    •  
  • 11345 W Phillip Jacob Circle Surprise, AZ 1
    • 5 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 11415 W Foxfire Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2019
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 11135 W Ashley Chantil Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 11472 W Eden Mckenzie Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2005
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.79
    •  
PROPERTY LISTING DETAILS
Denise Kirk
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194085
Last Updated: 02/13/2021
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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