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11447 W St John Road Surprise, AZ 85378

3 Beds 3 Baths 1,729 sqft Built 2017

$289,999

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $167.73
  • 3 Days on Market
  • MLS # : 6190409
  • Updated Date : 02/05/2021 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,729 sqft
  • Baths : 2 full , 1 half
Listing Agent

101 Realty & Management Llc

Listing Agent's Description

NO SHOWINGS UNTIL SUNDAY FEBRUARY 7th. This home will not last!! Great home with lots of upgrades. Custom shutters throughout. Beautiful wood style tile flooring throughout the downstairs and in the bathrooms and laundry room. The open concepts downstairs features a kitchen with granite countertops, stainless steel appliances, and subway tile backsplash. Large master bedroom with huge walk in shower with dual shower heads, dual vanity, barn door, and granite countertops. You'll love the yard area with synthetic grass and pavers. Garage has plenty of storage space with overhead storage racks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Village at Canyon Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k271k

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

Neighborhood: The Village at Canyon Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8311567

* 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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

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

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$260,999$318,999$289,999

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,007
Property Tax -$179
Property Insurance -$61
HOA -$115
Property Management Fees -$99
CASH FLOW
$8

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.

$289,999

PROJECTED PRICE

$1,470

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,499
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4503$1,4704$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 11447 W St John Road Surprise, AZ 3
    • 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.85
    •  
  • 17590 N 114th Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.81
    •  
  • 17861 N 114th Lane Surprise, AZ 2
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 17638 N 114th Lane Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2008
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 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
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
PROPERTY LISTING DETAILS
Christopher Sanchez
101 Realty & Management Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190409
Last Updated: 02/05/2021
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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