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11254 N 186th Court Surprise, AZ 85388

3 Beds 3 Baths 2,662 sqft Built 2018

$398,500

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $149.70
  • 2 Days on Market
  • MLS # : 6155054
  • Updated Date : 11/28/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,662 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

A Zanjero Trails Beauty! Clean and fresh and ready for a new owner! Situated in a Cul-de-Sac, large lot ideal for you to put your own signature landscaping ideas to work, RV Gate for backyard access. Kitchen has been upgraded from original with added cabinets, behind stove pot faucet and back splash. Open floor plan with great room, living room and loft. Ideal for working from home! Bedrooms are ample is size. Convenient location to freeway access. Parks nearby! Put this on your must see list - priced to sell quickly!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9791673

* 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
 

$358,650$438,350$398,500

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,470
Property Tax -$283
Property Insurance -$79
HOA -$89
Property Management Fees -$99
CASH FLOW
-$371

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.

$398,500

PROJECTED PRICE

$1,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$111,353

INVESTMENT

$111,353

Down Payment
$99,625
Rehab Estimate
$5,750
Closing Costs
$5,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,470

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,625
Loan Amount $298,875
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,043

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
  • $1,910

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8353$1,8954$1,9005$1,985
$1,985
RENT COMPS ANALYSIS
  • 11254 N 186th Court Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18654 W Carol Avenue Waddell, AZ 2
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.67
    •  
  • 18019 W Turquoise Avenue Waddell, AZ 3
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 18420 W Purdue Avenue Waddell, AZ 4
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2014
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 19017 W Yucatan Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2018
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.74
    •  
PROPERTY LISTING DETAILS
Greg A Jones
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155054
Last Updated: 11/28/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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