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11334 W Eden Mckenzie Drive 
Surprise, AZ
85378
5 Beds 3 Baths 2,178 sqft
Built 2001
INVESTimate
$350,000
List Price
$98,500
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $160.70
- 1 Days on Market
- MLS # : 6122231
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 5
- Floor Size : 2,178 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Move in ready! beautiful two story home fresh coat of paint, inside & out, new windows. Downstairs bedroom & full bath, new tile floor, great for visiting guests. Open concept floor plan eat-in kitchen with recessed lighting, large pantry w/plenty of lighting, storage closet under the stairs. Upstairs includes 4 bedrooms & 2 full baths. Brand new bamboo flooring in the large expanded loft, hallway and bedroom with his & her walk-in closets, plenty of storage and lighting. Luxurious upstairs bath fully remodeled with separate shower/large tub, quartz counter top, tile flooring, new copper sinks & faucets. French doors lead to upstairs back patio. Beautiful backyard with full grown fruit trees, large pergola over sitting area of pavers.
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PRICE & RENT TRENDS
Neighborhood: Canyon Ridge West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Ridge West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$215 | |
| Property Insurance | -$70 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$313
|
||
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.
$350,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.53% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
1.5
YEARS SAVED
$3,418
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
11334 W Eden Mckenzie Drive Surprise, 2
- 5 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,430
- $0.66
-
18491 N 114th Avenue Surprise, 1
- 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2005
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,400
- $0.72
-
11345 W Phillip Jacob Circle Surprise, 3
- 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
-
17922 N 112th Drive Surprise, 4
- 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2000
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.77
-
11305 W Eden Mckenzie Drive Surprise, 5
- 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2000
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,500
- $0.77
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122231
Last Updated: 08/26/2020
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.
