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13152 W Ironwood Street Surprise, AZ 85374

3 Beds 2 Baths 1,479 sqft Built 1998

$290,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $196.08
  • 2 Days on Market
  • MLS # : 6187937
  • Updated Date : 01/31/2021 at 00:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,479 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

North/South Exposure***Backs to Common area / Walking Path*** Tiled Entry***Vaulted Ceiling***Great Room Concept**Ceiling Fans***Large Kitchen with Pantry and Spacious Island***Master Suite includes Separate shower/tub and private toilette room***Inside Laundry***Refridge -Washer- dryer to convey****

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
 

$261,000$319,000$290,000

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 -$1,007
Property Tax -$202
Property Insurance -$56
HOA -$18
Property Management Fees -$99
CASH FLOW
-$52

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.

$290,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.46%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,030

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
  • $0.9

    LIST RENT PER SQFT
  • $1,390

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3303$1,3504$1,4495$1,550
$1,550
RENT COMPS ANALYSIS
  • 13152 W Ironwood Street Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.90
    •  
  • 16015 N Desert Sage Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1979
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 13412 W Ocotillo Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1999
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 13144 W Desert Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1998
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.93
    •  
  • 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
Amy Hall
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187937
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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