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13382 W Desert Rock Drive Surprise, AZ 85374

3 Beds 2 Baths 1,766 sqft Built 1999

$275,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $155.72
  • 3 Days on Market
  • MLS # : 6157431
  • Updated Date : 11/13/2020 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Check out this amazing home with a HUGE backyard that borders a park area and offers amazing interior upgrades like shiplap walls! This single level beauty will conquer you with it's ample living room, soaring ceilings, 3 bedrooms plus den that can be a guests bedroom, and wide open family room adjacent to kitchen. Chef's kitchen features center island, pantry, SS appliances, subway back-splash, white cabinets, and window seat perfect for a breakfast nook. You will love the master retreat boasting bay windows and elegant master bath with his & her sinks and walk-in closet. Expansive backyard has covered patio w/paver extended and very large grass area that can easily accommodate many different activities. You need to see it with your own eyes!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legacy and Heritage at West Point Town Center

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Legacy and Heritage at West Point Town Center

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8981567

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,015
Property Tax -$191
Property Insurance -$62
HOA -$13
Property Management Fees -$99
CASH FLOW
$51

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.

$275,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$25,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4753$1,5504$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 13382 W Desert Rock Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.81
    •  
  • 13430 W Young Street Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1999
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.91
    •  
  • 13517 W Young Street Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 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
    •  
  • 13693 W Cottonwood Street Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
T. Wayne Cole
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157431
Last Updated: 11/13/2020
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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