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13193 W Ironwood Street Surprise, AZ 85374

4 Beds 2 Baths 1,783 sqft Built 1998

$350,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $196.30
  • 3 Days on Market
  • MLS # : 6205770
  • Updated Date : 03/13/2021 at 03:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,783 sqft
  • Baths : 2 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

Open to view Sat 3/13 and Sun 3/14 ONLY. Open, bright, welcoming and relaxing are just a few words to describe how you will feel upon entering this beautiful 4 bedroom 2 bath home in West Point. Vaulted ceilings, plantation shutters and tile flooring in all the right places, make for the perfect tranquil escape for any homeowner. The kitchen opens into the family room and creates the ideal setting for gatherings with family and friends. French doors lead the way to a large owners suite. The south facing, relaxing and thoughtfully designed backyard features a gazebo, garden and soft landing play area. Fridge is included in this gem and garage cabinets are a great storage feature.

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
 

$315,000$385,000$350,000

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 -$1,216
Property Tax -$243
Property Insurance -$62
HOA -$18
Property Management Fees -$99
CASH FLOW
-$178

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.

$350,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.42%

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-$4.0k-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,173

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
  • $1,435

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4754$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 13193 W Ironwood Street Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13311 W Desert Rock Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 13363 W Acapulco Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 13430 W Young Street Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1999
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.91
    •  
  • 13344 W Acapulco Lane Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Michael Brachfeld
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205770
Last Updated: 03/13/2021
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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