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13580 W Watson Lane Surprise, AZ 85379

5 Beds 4 Baths 3,817 sqft Built 2004

$455,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $119.20
  • 2 Days on Market
  • MLS # : 6206910
  • Updated Date : 03/13/2021 at 14:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,817 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful floor plan featuring 5 bedroom 4 bathroom at a great location in Surprise. Stunning interior features an enchanting entryway with gorgeous tile inlay, pristine wood-like laminate flooring and plantation shutters throughout the entire home. Flowing floor plan includes formal living and dining rooms and a spacious family room with a gas fireplace. Gourmet kitchen boasts stylish Red Dragon granite countertops and backsplash, pot filler faucet, stainless steel appliances, island, plenty of cherry cabinetry and walk-in pantry. Connection behind stove available if you prefer cooking with gas. Downstairs bedroom and full bathroom provides a very dynamic utilization option to fit your family needs. A gorgeous curved staircase brings you to a Huge loft upstairs

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
 

$409,500$500,500$455,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,580
Property Tax -$279
Property Insurance -$102
HOA -$17
Property Management Fees -$99
CASH FLOW
$314

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.

$455,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.53%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$58,397

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
  • $2,748

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,555
$2,555
RENT COMPS ANALYSIS
  • 13580 W Watson Lane Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,817 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,817 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14829 W Pershing Street Surprise, AZ 2
    • 5 beds 5 baths ∙ 3,505 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,505 Sqft ∙ Built 2015
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 14403 W Mandalay Lane Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2005
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,555
    • $0.73
    •  
PROPERTY LISTING DETAILS
Danny G Jaramillo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206910
Last Updated: 03/13/2021
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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