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12543 W Cottonwood Street Surprise, AZ 85378

4 Beds 2 Baths 1,550 sqft Built 2020

$299,777

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $193.40
  • 2 Days on Market
  • MLS # : 6163359
  • Updated Date : 11/21/2020 at 12:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Prestige Realty

Listing Agent's Description

BRAND NEW BUILD 2020!!! No HOA. 4 spacious bedrooms, 2 bathrooms, White Cabinets, Beautiful tile flooring throughout the home and carpet in bedrooms . Brand new kitchen Granite counter tops Matching counter tops with matching bathrooms, contemporary light fixtures, stainless steel kitchen appliances, pantry, covered patio. Easy to show.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Original Town Site

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Original Town Site

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7751567

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$269,799$329,755$299,777

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,106
Property Tax -$179
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$112

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$299,777

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,441

INVESTMENT

$81,441

Down Payment
$74,944
Rehab Estimate
$2,000
Closing Costs
$4,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,106

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,944
Loan Amount $224,833
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,218

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,550

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,4253$1,4954$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 12543 W Cottonwood Street Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.86
    •  
  • 12117 W Desert Lane El Mirage, AZ 2
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2012
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 16411 N Maryland Avenue Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 12032 W Caribbean Lane El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 15327 N Gil Balcome Court Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2001
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
PROPERTY LISTING DETAILS
Linda Gonzalez
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163359
Last Updated: 11/21/2020
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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