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12956 N 154th Lane Surprise, AZ 85379

4 Beds 3 Baths 1,988 sqft Built 2005

$330,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $166.00
  • 5 Days on Market
  • MLS # : 6160914
  • Updated Date : 11/17/2020 at 19:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,988 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Northwest

Listing Agent's Description

WELCOME TO MARLEY PARK! This is a gorgeous two-story, 4 bedroom home in the highly sought after community of Marley Park. This floor plan leaves nothing to be desired with the master bedroom located downstairs, a large family room, dining area directly off the kitchen and large, gracious entryway. This home comes with a beautiful, easily maintained backyard with built in fire-pit. Perfect for family gatherings or chilly winter nights. A brand new smart thermostat, ring doorbell and reverse osmosis system add the security and comfort to your new home. Also, enjoy all the amenities of living in this community. GORGEOUS heated community pool, the luxurious clubhouse and plenty of parks and play areas for the family. You won't want to miss out on this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marley Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Marley Park

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
Marley Park Elementary School Primary Regular 1,143 55 8
Marley Park Elementary School Middle Regular 1,143 55 8
Dysart High School High Regular 1,604 73 3

Marley Park Elementary School

  • Education Level: Primary
  • # of students: 1,143
  • # of teachers: 55
8
GreatSchools Rating

Marley Park Elementary School

  • Education Level: Middle
  • # of students: 1,143
  • # of teachers: 55
8
GreatSchools Rating

Dysart High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,218
Property Tax -$274
Property Insurance -$66
HOA -$117
Property Management Fees -$99
CASH FLOW
-$314

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.

$330,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5753$1,6004$1,6655$1,695
$1,695
RENT COMPS ANALYSIS
  • 12956 N 154th Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.73
    •  
  • 12860 N 154th Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.79
    •  
  • 12642 N 150th Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 15047 W Windrose Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.77
    •  
  • 15346 W Laurel Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2003
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
PROPERTY LISTING DETAILS
Dustin Cooke
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160914
Last Updated: 11/17/2020
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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