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13551 W Redfield Road Surprise, AZ 85379

5 Beds 3 Baths 4,119 sqft Built 2004

$449,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $109.23
  • 7 Days on Market
  • MLS # : 6197418
  • Updated Date : 02/28/2021 at 01:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,119 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

SHOWINGS ONLY 2:00-4:00PM SUNDAY Feb 28: DANG a lot of home!!! 4,119 sq ft, 5 beds plus den! Enter through an ornate gate to an inviting side patio. From the front door enter to tile floors & a welcoming foyer. NO carpet throughout home & new 5'' baseboards! Guest room & full bath downstairs. Plus, formal dining & sliding dr enclosed den. The kitchen has an abundance of maple cabinets, granite counters, island w/breakfast bar, SS appliances, double oven & buffet counter. Large loft w/beautiful built-ins for media. Built-in desk in hallway. Generous sized secondary bedrooms. Enormous master is fit for Royals w/vaulted ceilings & sitting area. Master bath w/a split double vanity, garden tub, newly tiled separate shower, private toilet room & TWO huge walk-in closets!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Litchfield Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k281k

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

Neighborhood: Litchfield Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9791643

* 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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,563
Property Tax -$276
Property Insurance -$107
HOA -$17
Property Management Fees -$99
CASH FLOW
-$71

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.

$449,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,982

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
  • $1,936

    COMP ESTIMATED VALUE
  • $0.47

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$1,995
$1,995
RENT COMPS ANALYSIS
  • 13551 W Redfield Road Surprise, AZ 1
    • 5 beds 3 baths ∙ 4,119 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,119 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14366 W Sierra Street Surprise, AZ 2
    • 4 beds 4 baths ∙ 4,242 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,242 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.47
    •  
  • 11866 N 143rd Avenue Surprise, AZ 3
    • 4 beds 4 baths ∙ 4,242 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,242 Sqft ∙ Built 2005
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.47
    •  
PROPERTY LISTING DETAILS
Katie Remwolt
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197418
Last Updated: 02/28/2021
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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