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14331 W Mandalay Lane Surprise, AZ 85379

6 Beds 5 Baths 3,850 sqft Built 2005

$450,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $116.88
  • 3 Days on Market
  • MLS # : 6184071
  • Updated Date : 01/22/2021 at 19:04
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,850 sqft
  • Baths : 4 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This spacious home is perfect for large families, features 6 bedrooms, 4 1/2 baths, 4 CAR TANDEM GARAGE, media niche, large kitchen with butlers pantry, cook top, microwave and oven combo, formal dining room, large family room, computer area upstairs with built in cabinets, tile in all the right places and upgraded carpet throughout, epoxy floor coating in garage and on patio, wood build blinds through out, garage door opener, beautiful front yard landscaping, and many other upgraded features!! Freshly painted inside and out. Just installed new carpet, appliances, ceiling fans, and light fixtures.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Royal Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Royal Ranch

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
Ashton Ranch Elementary School Primary Regular 1,025 43 4
Ashton Ranch Elementary School Middle Regular 1,025 43 4
Valley Vista High School High Regular 2,457 101 4

Ashton Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,025
  • # of teachers: 43
4
GreatSchools Rating

Ashton Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 43
4
GreatSchools Rating

Valley Vista High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,563
Property Tax -$276
Property Insurance -$102
HOA -$65
Property Management Fees -$99
CASH FLOW
$305

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.

$450,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.54%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$53,726

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
  • $2,772

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,555
$2,555
RENT COMPS ANALYSIS
  • 14331 W Mandalay Lane Surprise, AZ 1
    • 6 beds 5 baths ∙ 3,850 Sqft ∙ Built 2005 6 beds 5 baths ∙ 3,850 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14829 W Pershing Street Surprise, AZ 2
    • 5 beds 5 baths ∙ 3,505 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,505 Sqft ∙ Built 2015
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 14403 W Mandalay Lane Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2005
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,555
    • $0.73
    •  
PROPERTY LISTING DETAILS
Lauree Swanson
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184071
Last Updated: 01/22/2021
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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