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13377 W Rimrock Street Surprise, AZ 85374

4 Beds 3 Baths 2,351 sqft Built 1999

INVESTimate

$365,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$392,302  ( +7.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $155.25
  • 1 Days on Market
  • MLS # : 6122643
  • Updated Date : 08/25/2020 at 21:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,351 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

This home has been well loved and is move in ready! The owners paid attention to the details here in their updates and care, & it shows! Nestled on a premium N/S Exposure lot, backing to a common area, with no neighbors behind. The home features an amazing custom kitchen, w/ 42'' cabinets, granite, & plenty of cabinetry & counter space, There's informal dining next to it, & the area opens to a large family room w/views out back to the pool. There's also a Living room up front, & a formal dining room w/soaring vaulted ceilings, & plantation shutters. One bedroom & bath downstairs.. Upstairs are the other 3 bedrooms & a guest bath. 3 of the 4 bedrooms feature walk in closets. The spacious master bedroom has an ensuite bath w/dual sinks & separate tub/shower. Out back,

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,347
Property Tax -$254
Property Insurance -$73
HOA -$55
Property Management Fees -$99
CASH FLOW
-$157

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.

$365,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,712

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,670

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6703$1,7954$1,8955$1,975
$1,975
RENT COMPS ANALYSIS
  • 13377 W Rimrock Street Surprise, 2
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.71
    •  
  • 13607 W Banff Lane Surprise, 1
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 13741 W Port Royale Lane Surprise, 3
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 13807 W Country Gables Drive Surprise, 4
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 13472 W Cottonwood Street Surprise, 5
    • 5 beds 2 baths ∙ 2,370 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,370 Sqft ∙ Built 1998
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
PROPERTY LISTING DETAILS
Mike Zahn
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122643
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.

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