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14279 W Surrey Drive Surprise, AZ 85379

4 Beds 3 Baths 2,026 sqft Built 2019

$370,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $182.63
  • 5 Days on Market
  • MLS # : 6204859
  • Updated Date : 03/10/2021 at 15:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,026 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Nothing like it on the market! Amazing home with beautiful curb appeal, smart home capable, barely over aa year old available now! Perfectly flowing, open living areas with designer paint & tile flooring are shown inside. The kitchen features custom compilation of staggered nude cabinets, stainless steel appliances, granite countertops, pantry, and island w/breakfast bar. Split master suite provides great privacy & includes a bathroom with dual sinks and a walk-in closet. The front bedroom also has a personal bath & a closet making it ideal for guests. Luxurious backyard with brand new turf and custom paver design. This beauty has a great location close to restaurants & shopping. Marly Park community with amenities galore including pool to enjoy this Summer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9791673

* 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
Dysart High School High Regular 1,604 73 3

Dysart High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,285
Property Tax -$327
Property Insurance -$67
HOA -$110
Property Management Fees -$99
CASH FLOW
-$208

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.

$370,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5953$1,6754$1,6805$1,699
$1,699
RENT COMPS ANALYSIS
  • 14279 W Surrey Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.83
    •  
  • 14199 W Larkspur Drive Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.82
    •  
  • 14242 W Calavar Road Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
  • 14365 W Surrey Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2019
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.81
    •  
  • 14234 W Boca Raton Road Surprise, AZ 5
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.83
    •  
PROPERTY LISTING DETAILS
Julie Calza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204859
Last Updated: 03/10/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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