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14434 W Banff Lane Surprise, AZ 85379

4 Beds 2 Baths 2,310 sqft Built 2004

$375,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $162.34
  • 3 Days on Market
  • MLS # : 6178210
  • Updated Date : 01/08/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,310 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This Beautiful home Is move in ready! Pride in home ownership truly shows this is the original owners of the home. With 4 bedrooms and a 4 car garage this is a one of a kind! Fresh Paint, Solar, Beautiful Ceramic Tile Floors in the right places, & large corner lot! Come and see today! Close to everything from shopping to grocery as well as the spring training ball park!

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,303
Property Tax -$230
Property Insurance -$72
HOA -$69
Property Management Fees -$99
CASH FLOW
-$12

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.

$375,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,813

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,6953$1,7604$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 14434 W Banff Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.76
    •  
  • 14646 W Crocus Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2004
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.74
    •  
  • 14612 W Hearn Road Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2003
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 14558 W Port Royale Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2007
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 14138 W Ventura Street Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2005
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
PROPERTY LISTING DETAILS
Heather Bond
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178210
Last Updated: 01/08/2021
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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