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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

$1,430

$1,287 - $1,573

Rent Est.

$379,855  ( +8.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
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.

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
Parkridge Elementary School Primary Regular 896 41 9
Parkridge Elementary School Middle Regular 896 41 9
Sunrise Mountain High School High Regular 1,675 72 7

Parkridge Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Parkridge Elementary School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

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
$1,400
1$1,4002$1,4303$1,4954$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 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
Robert Collins
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122231
Last Updated: 08/26/2020
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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