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12047 N 149th Drive Surprise, AZ 85379

4 Beds 3 Baths 2,587 sqft Built 2004

$389,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $150.72
  • 2 Days on Market
  • MLS # : 6203381
  • Updated Date : 03/06/2021 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,587 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful home with many amenities, master & 2 secondary bedrooms upstairs, 1 bedroom downstairs, 3 full bathrooms (two upstairs & one downstairs), master bath has separate tub & shower & double sinks, double and single garage with doors to the backyard, two balconies to enjoy the sunrise and sunset, premium lot that backs to the greenbelt, complete a/c replacement 2018, low maintenance backyard with 4 planters, fruit trees (navel oranges, tangerine, tangelo, kumquat, & lemon), cabinets & counter with drawers in laundry room, 2x6 construction, exterior painted 2016, extended driveway, ceiling fans, sunscreens, built-in speakers in patio and family room, pull down shades on patio, & Brinks security system. A MUST SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9711567

* 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
Dysart High School High Regular 1,604 73 3

Dysart High School

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

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

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,354
Property Tax -$239
Property Insurance -$78
HOA -$50
Property Management Fees -$99
CASH FLOW
-$60

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.

$389,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,181

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
  • $1,901

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8954$1,9505$2,095
$2,095
RENT COMPS ANALYSIS
  • 12047 N 149th Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15368 W Yucatan Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 15359 W Columbine Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2006
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 14789 W Jenan Drive Surprise, AZ 4
    • 5 beds 3 baths ∙ 2,522 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,522 Sqft ∙ Built 2005
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 14766 W Larkspur Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2003
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.77
    •  
PROPERTY LISTING DETAILS
Cheryl Treguboff
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203381
Last Updated: 03/06/2021
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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