Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13195 W Saguaro Lane Surprise, AZ 85374

3 Beds 2 Baths 1,552 sqft Built 1998

INVESTimate

$255,000

List Price

$1,420

$1,278 - $1,562

Rent Est.

$274,074  ( +7.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $164.30
  • 4 Days on Market
  • MLS # : 6121535
  • Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Very cute & well-kept 3 bd, 2 ba home with 2 car garage and with leased SOLAR and brand NEW Air conditioning unit with warranty. RENTED thru 11/30 tho tenant may wish to stay longer. Upgraded inside, with grey tone paint, and neutral 18'' porcelain tile flooring, stainless steel appliances in kitchen & a breakfast nook Nice sized master with plush carpet, ceiling fans, white 2'' blinds, en suite, with remodeled bath featuring walk in shower. Must See. Backyard features a large aluminum covered patio that's been partially redone. New Sprinkler timer box. No sign on property.

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
West Point Elementary School Primary Regular 864 45 4
West Point Elementary School Middle Regular 864 45 4
Valley Vista High School High Regular 2,457 101 4

West Point Elementary School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 45
4
GreatSchools Rating

West Point Elementary School

  • Education Level: Middle
  • # of students: 864
  • # of teachers: 45
4
GreatSchools Rating

Valley Vista High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$941
Property Tax -$156
Property Insurance -$57
HOA -$55
Property Management Fees -$99
CASH FLOW
$111

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.

$255,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$29,919

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
  • $1,420

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3954$1,4495$1,595
$1,595
RENT COMPS ANALYSIS
  • 13195 W Saguaro Lane Surprise, 1
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13412 W Ocotillo Lane Surprise, 2
    • 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
    •  
  • 13165 W Port Au Prince Lane Surprise, 3
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2001
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 13144 W Desert Lane Surprise, 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
    •  
  • 15513 N 135th Drive Surprise, 5
    • 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1999
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ann Labe
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121535
Last Updated: 08/25/2020
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.

BESbswy