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14090 W Rosewood Drive Surprise, AZ 85379

4 Beds 3 Baths 2,330 sqft Built 2006

$365,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.65
  • 3 Days on Market
  • MLS # : 6178443
  • Updated Date : 01/10/2021 at 03:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,330 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Terrific two story home on charming tree-lined street in Veramonte Estates. Just freshly painted throughout and ready for move-in! Soaring vaulted ceilings in LR & DR. Granite counters & island in kitchen. Downstairs BR. Master & two other bedrooms upstairs AND an open loft. Backyard large enough for pool or playground!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Veramonte

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Veramonte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
Rancho Gabriela Elementary School Primary Regular 1,158 50 7
Rancho Gabriela Elementary School Middle Regular 1,158 50 7
Dysart High School High Regular 1,604 73 3

Rancho Gabriela Elementary School

  • Education Level: Primary
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Rancho Gabriela Elementary School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,268
Property Tax -$224
Property Insurance -$73
HOA -$88
Property Management Fees -$99
CASH FLOW
-$11

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.

$365,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,6954$1,6955$1,740
$1,740
RENT COMPS ANALYSIS
  • 14090 W Rosewood Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.75
    •  
  • 14526 W Sierra Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
  • 14824 W Windrose Drive Surprise, AZ 2
    • 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 14096 W Larkspur Drive Surprise, AZ 3
    • 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 14151 W Calavar Road Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
PROPERTY LISTING DETAILS
Karen Milhous
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178443
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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