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11219 N 165th Avenue Surprise, AZ 85388

4 Beds 3 Baths 3,436 sqft Built 2007

$425,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $123.69
  • 3 Days on Market
  • MLS # : 6193749
  • Updated Date : 02/12/2021 at 22:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,436 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful, open floor plan with all the upgrades! Located on a private corner lot, this home features 4 full bedrooms, plus media room and loft. Neutral 20'' tile, island kitchen w/upgraded spiced maple staggered cabinets, granite and spacious eat-in-area that overlooks the family room. Wood stair railings lead to open loft that separates large guest bedrooms from master bedroom. Other features include pre-wire for sound/speakers both upstairs & down, ceiling fans, security system and epoxy flooring in the 3 car tandem garage. Totally private backyard has patio cover from end-to-end, extended concrete patio + two concrete pads for spa, furniture, etc. Grassy play area too! All of this, & also close to shopping, Loop 303, and short drive to Luke AFB. Home shows well & will not disappoint!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k304k

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

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9791606

* 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,476
Property Tax -$296
Property Insurance -$94
HOA -$82
Property Management Fees -$99
CASH FLOW
-$197

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.

$425,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8004$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 11219 N 165th Avenue Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15976 W Clinton Street Surprise, AZ 2
    • 5 beds 4 baths ∙ 3,134 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,134 Sqft ∙ Built 2005
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.56
    •  
  • 16109 W Christy Drive Surprise, AZ 3
    • 5 beds 4 baths ∙ 3,134 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,134 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.57
    •  
  • 15648 W Poinsettia Drive Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.62
    •  
  • 11877 N 156th Lane Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.64
    •  
PROPERTY LISTING DETAILS
Dale Pavlicek
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193749
Last Updated: 02/12/2021
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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