Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11974 N 144th Avenue Surprise, AZ 85379

5 Beds 4 Baths 3,886 sqft Built 2004

$625,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $160.83
  • 2 Days on Market
  • MLS # : 6185065
  • Updated Date : 01/24/2021 at 01:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,886 sqft
  • Baths : 3 full , 1 half
Listing Agent

Phoenix Property Group

Listing Agent's Description

Incredible move in ready 5/3.5 plus a den/office, loft and 4 car garage with all the upgrades and custom options you can imagine. This one includes an amazing chefs kitchen with granite counters and stainless appliances, all laminate and tile flooring throughout, dual master bedrooms. One upstairs and one downstairs for the perfect mother-in-law situation. Every bathroom has been remodeled in the last few years and no expense was spared. All the showers are tiled and finished to the nines. The master bathroom has a double shower with rain heads. The resort style backyard includes huge dive pool, spa, built in BBQ, custom 30K putting green, landscape lighting, and much more. The backyard is among the best in phoenix. This home is ready for your pickiest clients. Please show and sell!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $120k428k

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

Neighborhood: Mountain Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792027

* 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
Rancho Gabriela Elementary School Primary Regular 1,158 50 7
Rancho Gabriela Elementary School Middle Regular 1,158 50 7
Dysart High School High Regular 1,604 73 3

Rancho Gabriela Elementary School

  • Education Level: Primary
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Rancho Gabriela Elementary School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,171
Property Tax -$383
Property Insurance -$103
HOA -$98
Property Management Fees -$99
CASH FLOW
-$624

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.

$625,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,665

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
  • $2,319

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,1954$2,450
$2,450
RENT COMPS ANALYSIS
  • 11974 N 144th Avenue Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,886 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,886 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15654 W Sierra Street Surprise, AZ 2
    • 5 beds 4 baths ∙ 3,950 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,950 Sqft ∙ Built 2014
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.56
    •  
  • 15240 W Cortez Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,684 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,684 Sqft ∙ Built 2003
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.60
    •  
  • 15739 W Shangri La Road Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.63
    •  
PROPERTY LISTING DETAILS
John Poyner
Phoenix Property Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185065
Last Updated: 01/24/2021
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.

BESbswy