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13249 W Ironwood Street Surprise, AZ 85374

4 Beds 3 Baths 2,118 sqft Built 1998

$330,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $155.81
  • 2 Days on Market
  • MLS # : 6185055
  • Updated Date : 01/23/2021 at 21:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,118 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This won't last long! Located in Surprise, this tri-level 4 bed, 3 bath property a 2 car garage, RV gate, and much more! Inside you will find spacious living areas with vaulted ceilings and a charming eat-in kitchen, ample cabinet and counter space, matching stainless steel appliances, and a lovely breakfast bar. You'll adore the beautiful master bedroom, which includes a spacious walk-in closet and a full bath with double sinks, not to mention separate tub and shower. Also including an expansive backyard with a covered patio and a sparkling blue pool which can be gated as well. This home is simply a dream come true! Schedule a showing todayl

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
 

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

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,146
Property Tax -$229
Property Insurance -$68
HOA -$18
Property Management Fees -$99
CASH FLOW
$79

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.

$330,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.50%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$26,564

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
  • $1,731

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 13249 W Ironwood Street Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13168 W Mauna Loa Lane Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1999
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 13250 W Port Royale Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2000
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 16450 N Naegel Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.84
    •  
  • 13601 W Ironwood Street Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 1999
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brittany Crowell
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185055
Last Updated: 01/23/2021
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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