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13816 W Gelding Drive Surprise, AZ 85379

4 Beds 2 Baths 2,299 sqft Built 2004

$319,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $138.76
  • 4 Days on Market
  • MLS # : 6156692
  • Updated Date : 11/06/2020 at 14:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,299 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Look no more! Best location in Surprise is waiting just for you. This incredible single level house gives you 3 car garage and gravel front landscaping. Double-door entrance leads to a bright and wonderful interior offering 4 bed, 2 bath, living/dining area, designer paint, and more. Impeccable eat-in kitchen is a cook's delight with recessed lighting, oak cabinetry, granite counter-tops, pantry, centered island with sink & breakfast bar, and high-end appliances. You will absolutely love this unique master bedroom including an impressive full bath with dual sinks, separate tub, step-in shower, and walk-in closet. Beautiful grassy backyard with covered patio gives you so much potential to enjoy your gatherings. This is your chance to own an amazing home. Schedule your showing right now!

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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,177
Property Tax -$196
Property Insurance -$72
HOA -$15
Property Management Fees -$99
CASH FLOW
$91

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.

$319,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.52%

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$33,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6504$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 13816 W Gelding Drive Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,299 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,299 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 13607 W Banff Lane Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 13828 W Port Royale Lane Surprise, AZ 2
    • 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
    •  
  • 13741 W Port Royale Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 13807 W Country Gables Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
PROPERTY LISTING DETAILS
Joanne Cho Kim
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156692
Last Updated: 11/06/2020
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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