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14059 N 178th Avenue Surprise, AZ 85388

4 Beds 3 Baths 1,978 sqft Built 2003

$299,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $151.16
  • 6 Days on Market
  • MLS # : 6153490
  • Updated Date : 10/30/2020 at 17:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,978 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This spacious 4 bedroom, plus huge loft and 2.5 bathroom home has a LARGE MASTER BEDROOM DOWNSTAIRS and NO NEIGHBORS DIRECTLY BEHIND - just a beautiful greenbelt! Enjoy the family PLAY PARK just 2 houses away. This is a very functional open floor plan with two-tone neutral paint & WOOD FLOORS in family room and staircase. Master bathroom has double sinks and tub with shower. Kitchen includes appliances and breakfast bar that opens to dining and living room. 3 additional good-sized bedrooms are upstairs. The great loft upstairs can be an awesome kids play area, office or turn it into a 5 bedroom home. Backyard has a covered patio and enough space for a pool. Community is well-maintained, private and in a quiet neighborhood conveniently located to Loop 30

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9311981

* 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
Sunset Hills Elementary School Primary Regular 1,214 55 6
Sunset Hills Elementary School Middle Regular 1,214 55 6
Shadow Ridge High School High Regular 1,735 77 4

Sunset Hills Elementary School

  • Education Level: Primary
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Sunset Hills Elementary School

  • Education Level: Middle
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,103
Property Tax -$208
Property Insurance -$66
HOA -$20
Property Management Fees -$99
CASH FLOW
-$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4103$1,4954$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 14059 N 178th Avenue Surprise, AZ 2
    • 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.71
    •  
  • 17857 W Voltaire Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2008
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
  • 14107 N 177th Avenue Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2004
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 17768 W Calavar Road Surprise, AZ 4
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2004
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 17582 W Georgia Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
PROPERTY LISTING DETAILS
Linda Leavitt
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153490
Last Updated: 10/30/2020
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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