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11342 W Campana Drive Surprise, AZ 85378

4 Beds 2 Baths 1,571 sqft Built 2001

$249,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $159.07
  • 6 Days on Market
  • MLS # : 6141601
  • Updated Date : 11/20/2020 at 13:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,571 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Must see this charming 4 bedroom home in Surprise that is nestled into the desirable Citrus Point neighborhood! Close to nearby parks and just minutes from P83 dining and Arrowhead shopping and quick and convenient access to the freeway. This home offers a light and bright interior featuring vaulted ceilings, tile and laminate flooring and an a great open floor plan. The bedrooms are spacious and the master suite features dual sinks and walk in closet. The backyard is perfectly sized for easy maintenance and still plenty of room for kids and pets to run around in! Great home for a young family! Don't wait, schedule your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Citrus Point

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Citrus Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7721567

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$922
Property Tax -$172
Property Insurance -$58
HOA -$55
Property Management Fees -$99
CASH FLOW
-$35

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,847

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
  • $1,355

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3993$1,4504$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 11342 W Campana Drive Surprise, AZ 1
    • 4 beds 4 baths ∙ 1,571 Sqft ∙ Built 2001 4 beds 4 baths ∙ 1,571 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17590 N 114th Lane Surprise, AZ 2
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.81
    •  
  • 17861 N 114th Lane Surprise, AZ 3
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 17885 N 114th Lane Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 17873 N 114th Lane Surprise, AZ 5
    • 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2019
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6141601
Last Updated: 11/20/2020
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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