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12125 N 141st Lane Surprise, AZ 85379

4 Beds 3 Baths 2,794 sqft Built 2005

$405,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $144.95
  • 2 Days on Market
  • MLS # : 6170123
  • Updated Date : 12/12/2020 at 13:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,794 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

What a lot! Huge backyard with swimming pool, Rare RV privileges, 12' RV gate and drive, built-in grill, fire pit, 10X40 extended patio so you can entertain all year. Outdoor shed, pool shed, and citrus trees. 4 bedrooms, den, loft, and a downstairs bedroom, 3 full baths. 3 car garage with a 2 ft extension so you can park a large truck, 2 dedicated 20 amp circuits. 2X6 construction, upgraded insulation. Bay window in formal dining, custom maple entertainment center, built-in surround sound, cellular shades and maple blinds, oversized tile, gas cooktop, stainless steel appliances, huge laundry with built-in sink and cabinets. This one is worth seeing, make an appointment right away!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kenly Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k308k

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

Neighborhood: Kenly Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9791705

* 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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,494
Property Tax -$248
Property Insurance -$82
HOA -$58
Property Management Fees -$99
CASH FLOW
$89

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.

$405,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$38,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9504$2,0705$2,095
$2,095
RENT COMPS ANALYSIS
  • 12125 N 141st Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.74
    •  
  • 14865 W Bloomfield Road Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2003
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 14277 W Desert Hills Drive Surprise, AZ 2
    • 5 beds 3 baths ∙ 2,795 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,795 Sqft ∙ Built 2005
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 14346 W Via Del Oro -- Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2017
    LEASED 11/15/19
    • 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
Nicholas Monaco
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170123
Last Updated: 12/12/2020
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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