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13384 W Evans Drive Surprise, AZ 85379

4 Beds 3 Baths 2,102 sqft Built 2002

$300,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $142.72
  • 2 Days on Market
  • MLS # : 6176050
  • Updated Date : 01/02/2021 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,102 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

OPEN HOUSE SUNDAY @ 1-4PM FOR FIRST SHOWING OPPORTUNITY! Nicely updated home in Surprise nearby shopping, entertainment, and restaurants. Step inside to find a spacious living & dining space and separate family room open to beautiful white kitchen. As you head upstairs you'll find 4 bedrooms plus a loft and 2 full bathrooms. This home has a great use of space and no wasted square footage. The master bedroom has en suite bathroom with a separate tub and shower and dual sinks, along with a walk in closet. All 4 bedrooms and the stairs have new carpet. The front living / dining room, loft, hallway, and upstairs hall bathroom have new tile floors. Exterior painted in 2020. Desert landscaped backyard with rock and pavers extended patio make for easy maintenance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781567

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,107
Property Tax -$184
Property Insurance -$68
HOA -$12
Property Management Fees -$99
CASH FLOW
$180

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.

$300,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$0.0$5.0k$10k$15k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$41,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,645

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6004$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 13384 W Evans Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 13168 W Mauna Loa Lane Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1999
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 13250 W Port Royale Lane Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2000
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 13188 W Crocus Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2000
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 13391 W Crocus Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2001
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
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 #: 6176050
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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