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13585 W Lisbon Lane Surprise, AZ 85379

3 Beds 2 Baths 2,155 sqft Built 2004

$329,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $153.09
  • 2 Days on Market
  • MLS # : 6182572
  • Updated Date : 02/06/2021 at 02:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,155 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Homes in this neighborhood sell fast, so save this one and come take a look. Single Story, large 3 bedroom 2 bathroom with many upgrades. Located in Litchfield Manor and built by Continental Homes. Open home with high vaulted ceilings throughout. Formal Living Room, Family Room, Formal Dining Room/Open Den. Eat-In Kitchen with Island and Pantry. Low maintenance back yard and fantastic location between the 101 and 303 and Waddell & Greenway.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,146
Property Tax -$202
Property Insurance -$69
HOA -$17
Property Management Fees -$99
CASH FLOW
$47

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.

$329,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$24,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,5953$1,6004$1,6105$1,695
$1,695
RENT COMPS ANALYSIS
  • 13585 W Lisbon Lane Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.73
    •  
  • 14265 N 135th Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 14935 N 137th Lane Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 13828 W Port Royale Lane Surprise, AZ 4
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.77
    •  
  • 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
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
PROPERTY LISTING DETAILS
Paul Mosley
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182572
Last Updated: 02/06/2021
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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