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12028 N 158th Lane Surprise, AZ 85379

5 Beds 3 Baths 3,714 sqft Built 2007

INVESTimate

$389,900

List Price

$2,060

$1,854 - $2,266

Rent Est.

$414,425  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $104.98
  • 7 Days on Market
  • MLS # : 6113811
  • Updated Date : 08/24/2020 at 10:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,714 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Don't miss the opportunity to own this beautiful home with 9' ceilings! Spacious living areas and huge upstairs loft provide ample space for entertaining your family and friends! The kitchen comes with beautiful stacked maple cabinets with granite counter tops and large island with bar seating. The downstairs bedroom is perfect for guests or as an office. Large bedrooms with walk in closets offer plenty of storage. Enjoy your covered porch and grassy backyard with no neighbors behind you. Some of the upgrades included over the last 3 years include:new flooring, updated upstairs bathrooms, new stove, microwave and dishwasher, exterior paint, & irrigation drip lines. This well loved home is ready for its next owners!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k358k

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

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
Sonoran Heights Elementary School Primary Regular 961 42 7
Sonoran Heights Elementary School Middle Regular 961 42 7
Shadow Ridge High School High Regular 1,735 77 4

Sonoran Heights Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Sonoran Heights Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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 $2,060
EXPENSES Loan Payment -$1,439
Property Tax -$271
Property Insurance -$100
HOA -$75
Property Management Fees -$99
CASH FLOW
$77

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.

$389,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,694

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
  • $2,173

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1954$2,1955$2,195
$2,195
RENT COMPS ANALYSIS
  • 12028 N 158th Lane Surprise, 1
    • 5 beds 3 baths ∙ 3,714 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,714 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10982 N 161st Avenue Surprise, 2
    • 5 beds 3 baths ∙ 3,451 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,451 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.61
    •  
  • 15654 W Sierra Street Surprise, 3
    • 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
    •  
  • 15739 W Shangri La Road Surprise, 4
    • 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.57
    •  
  • 15240 W Cortez Street Surprise, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michelle Reis
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113811
Last Updated: 08/24/2020
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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