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14498 W Moccasin Trail Surprise, AZ 85374

3 Beds 2 Baths 1,408 sqft Built 1988

$270,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $191.76
  • 2 Days on Market
  • MLS # : 6163501
  • Updated Date : 11/21/2020 at 09:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

CALL YOUR MOVING TRUCK! THI IS IT!!!New Laminate wood floors throughput Water Closets with tile floor. All new faucet, granite, Paint. Shower in master has a small small step up. Electric outlets all handicap placed.New light fixtures. Warranty on roof can transfer to the new owner.NEW NEW NEW Ya gotta see this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Zuni Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Zuni Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9081567

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$996
Property Tax -$188
Property Insurance -$55
HOA -$272
Property Management Fees -$99
CASH FLOW
-$150

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.

$270,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4603$1,4954$1,6005$1,850
$1,850
RENT COMPS ANALYSIS
  • 14498 W Moccasin Trail Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.04
    •  
  • 14461 W Marcus Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 14398 W Marcus Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1999
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.13
    •  
  • 14767 W Willow Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.18
    •  
  • 14732 W Willow Lane Surprise, AZ 5
    • 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1996
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.22
    •  
PROPERTY LISTING DETAILS
Patricia Kathleen Mealy
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163501
Last Updated: 11/21/2020
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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