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13477 W Statler Street 
Surprise, AZ
85374
3 Beds 2 Baths 1,392 sqft
Built 1998
INVESTimate
$245,000
List Price
$70,675
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $176.01
- 3 Days on Market
- MLS # : 6122057
- Updated Date : 08/25/2020 at 21:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,392 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Fabulous well cared for home with nice curb appeal. AC replaced in 2019. Split floorplan, pre wired for a surround sound system. Good size back yard with a covered patio and built in BBQ grill. Washer, Dryer, and Refrigerator are not included in the sale. Please follow the COVID-19 CDC guidelines and wear a mask when touring.
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PRICE & RENT TRENDS
Neighborhood: Legacy and Heritage at West Point Town Center
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Legacy and Heritage at West Point Town Center
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$170 | |
| Property Insurance | -$54 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$177
|
||
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.
$245,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
9.33
YEARS SAVED
$36,445
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,451
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
13477 W Statler Street Surprise, 3
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $1.05
-
13364 W Ocotillo Lane Surprise, 1
- 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.09
-
13477 W Young Street Surprise, 2
- 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1999
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,450
- $1.02
-
16050 N 135th Drive Surprise, 4
- 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1998
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,505
- $1.06
-
13544 W Canyon Creek Drive Surprise, 5
- 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1998
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122057
Last Updated: 08/25/2020
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.
