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13136 W Desert Lane Surprise, AZ 85374

3 Beds 2 Baths 1,280 sqft Built 1998

$269,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $210.86
  • 3 Days on Market
  • MLS # : 6187509
  • Updated Date : 01/31/2021 at 00:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

You have found your new Home Sweet Home so hurry and come take a look before it's gone. Open floor plan with vaulted ceilings, gorgeous wood-like tile flooring through all the main living and walking areas, and immaculate clean from ceiling to floor. Move in ready. Your new kitchen has granite countertops, breakfast bar, and tons of cabinet storage space. Cozy back yard with low maintenance landscaping, patio, and plenty of room to relax, play, entertain, or even add a future swimming pool. This gem won't last so come before it's too late. You won't be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dave Brown at West Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Dave Brown at West Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9071567

* 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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

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

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$937
Property Tax -$165
Property Insurance -$52
HOA -$18
Property Management Fees -$99
CASH FLOW
-$2

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.

$269,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,086

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
  • $1,405

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2903$1,3254$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 13136 W Desert Lane Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16065 N 135th Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1998
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.07
    •  
  • 15601 N Gil Balcome Street Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1998
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.16
    •  
  • 14905 N 126th Avenue El Mirage, AZ 4
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 2003
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.07
    •  
  • 13364 W Ocotillo Lane Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Juan Carlos Grimaldo
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187509
Last Updated: 01/31/2021
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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