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14511 W Wendover Drive Surprise, AZ 85374

3 Beds 2 Baths 1,845 sqft Built 1998

$272,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $147.43
  • 2 Days on Market
  • MLS # : 6157551
  • Updated Date : 11/06/2020 at 20:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full
Listing Agent

Cerreta Real Estate

Listing Agent's Description

STUNNING HOME IN STONEBROOK! This lovely neighborhood is nestled in Surprise and has no HOA. Walk in the front door and be greeted by a tiled foyer which has beautiful formal living and dining rooms to the left and a doble doored entry to the den on the right. The kitchen is very spacious and opens to a dining area and the family room with built in entertainment center. The master suite has a bay window, a walk-in closet, and a full bath. Bedroom two is very large and has its own vanity. Bedroom three is set up like an office and can be converted back to a third bay for the garage. Both guest bedrooms have private entrances. The back includes an extended covered patio, lovely landscaping, and easy-care colored gravel yard. Two big sheds private extra storage space. See this one today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonebrook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Stonebrook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,004
Property Tax -$189
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$85

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.

$272,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$28,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4403$1,5504$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 14511 W Wendover Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.78
    •  
  • 18400 N 147th Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1999
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 18001 N 143rd Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1995
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 14716 W Lamoille Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 17507 N Kimberly Way Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
PROPERTY LISTING DETAILS
Marlene Cerreta
Cerreta Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157551
Last Updated: 11/06/2020
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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