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13601 W Hearn Road Surprise, AZ 85379

5 Beds 3 Baths 2,990 sqft Built 2005

$379,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $127.06
  • 3 Days on Market
  • MLS # : 6167780
  • Updated Date : 12/04/2020 at 17:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,990 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Fantastic 5 bed, 3 bath Surprise home available in highly sought after Litchfield Manor. Beautiful inside and out, this gem features great curb appeal leading into a spacious open concept floor plan with beautiful wood flooring and a soothing neutral pain palate. Eat in kitchen will delight any chef with gas cooktop,, granite counter tops, dual wall ovens a plethora of cherry wood cabinetry and an island with breakfast bar seating. Master retreat includes a private en-suite with dual vanities, soaking tub and separate shower. Step out to your extended length covered patio and enjoy the expansive grassy backyard. Perfect for pets and play. No Carpet In Home. Large RV Gate. North/South Exposure. Do not miss out. See it today and make it yours!

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
Parkview Elementary School Primary Regular 880 44 3
Parkview Elementary School Middle Regular 880 44 3
Valley Vista High School High Regular 2,457 101 4

Parkview Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Parkview Elementary School

  • Education Level: Middle
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Valley Vista High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,402
Property Tax -$233
Property Insurance -$85
HOA -$17
Property Management Fees -$99
CASH FLOW
-$166

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.

$379,900

PROJECTED PRICE

$1,670

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,749

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
  • $1,772

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6493$1,7504$1,9005$1,945
$1,945
RENT COMPS ANALYSIS
  • 13601 W Hearn Road Surprise, AZ 1
    • 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13629 W Evans Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.54
    •  
  • 13249 W Watson Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2002
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.61
    •  
  • 14980 N 136th Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.61
    •  
  • 14210 W Mauna Loa Lane Surprise, AZ 5
    • 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.61
    •  
PROPERTY LISTING DETAILS
Deborah Dawn Carlsen
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167780
Last Updated: 12/04/2020
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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