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14358 W Eugene Terrace -- Surprise, AZ 85379

5 Beds 3 Baths 3,303 sqft Built 2019

$399,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $121.07
  • 3 Days on Market
  • MLS # : 6160031
  • Updated Date : 11/13/2020 at 17:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,303 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gorgeous move in ready 5 bed/3 bath home available in Marley Park. Excellent Surprise community with superb amenities including a pool, playground, clubhouse, media room and so much more. Must see interior features a spacious open floorplan, perfect for gathering friend and family. Gleaming tile flooring in all downstairs common areas. Neutral paint tones and soft natural lighting throughout. Stylish granite kitchen boasts gas cooking, ss appliances, subway tile backsplash and elegant pendant lighting over the island/breakfast bar. Upstairs is a large loft, perfect for use as a media or play room. Master retreat includes a huge walk in closet and a private ensuite with separate soaking tub and shower. Generously sized backyard with covered patio and room for pets or play. See it today.

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
Luke Elementary School Primary Regular 691 38 3
Luke Elementary School Middle Regular 691 38 3
Dysart High School High Regular 1,604 73 3

Luke Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Luke Elementary School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Dysart High School

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,475
Property Tax -$348
Property Insurance -$92
HOA -$98
Property Management Fees -$99
CASH FLOW
$88

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.55%

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) 3.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$107,974

INVESTMENT

$107,974

Down Payment
$99,975
Rehab Estimate
$2,000
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$36,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$2,1503$2,1954$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 14358 W Eugene Terrace -- Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,303 Sqft ∙ Built 2019 5 beds 3 baths ∙ 3,303 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 14210 W Mauna Loa Lane Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.61
    •  
  • 14333 W Gelding Drive Surprise, AZ 2
    • 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.69
    •  
  • 13635 W Boca Raton Road Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,350 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,350 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.66
    •  
  • 13669 N 151st Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 3,296 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,296 Sqft ∙ Built 2006
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.70
    •  
PROPERTY LISTING DETAILS
Lisa Carpenter
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160031
Last Updated: 11/13/2020
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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