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12302 N 141st Court Surprise, AZ 85379

4 Beds 2 Baths 2,126 sqft Built 2005

$405,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $190.50
  • 2 Days on Market
  • MLS # : 6174010
  • Updated Date : 12/26/2020 at 14:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,126 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautiful single level cul-de-sac home that backs up to greenbelt. One of the biggest lots in the neighborhood, Huge backyard with swimming pool, RV gate. ***SOLAR SYSTEM PAID IN FULL***super low electrical bill. This home features 4 bedrooms 2 baths, open concept floor plan ideal for entertaining! This one is worth seeing, make an appointment right away!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Veramonte

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Veramonte

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
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

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,494
Property Tax -$248
Property Insurance -$69
HOA -$90
Property Management Fees -$99
CASH FLOW
-$210

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.

$405,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

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 55% 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

2.67

YEARS SAVED

$10,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7904$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 12302 N 141st Court Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.84
    •  
  • 14365 W Surrey Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2019
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.81
    •  
  • 11765 N 147th Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 11932 N 147th Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 2006
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 12696 N 142nd Lane Surprise, AZ 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2005
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jesus Pino Perez
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174010
Last Updated: 12/26/2020
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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