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14554 W Cortez Street Surprise, AZ 85379

4 Beds 3 Baths 3,282 sqft Built 2006

$430,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $131.02
  • 2 Days on Market
  • MLS # : 6182852
  • Updated Date : 02/06/2021 at 18:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,282 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fusco Realty

Listing Agent's Description

Highly sought after Mountain Gate Community. This home has plenty of room for your family and guests. Beautiful plantation shutters throughout. Gorgeous large kitchen with granite counter tops and plenty of space to entertain. Butler pantry, separate dining room, family room and living room. Upstairs has a huge loft with an office niche. Master BR has huge walk through closet, Backyard has a covered patio with a sparkling pool that is waiting for you. Community playground for your kids enjoyment. Conveniently located to shopping, dining, sports arenas, emergency services, freeways, places of worship and much more. Seller will give a $5,000 paint allowance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $120k428k

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

Neighborhood: Mountain Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792027

* 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
Dysart High School High Regular 1,604 73 3

Dysart High School

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

$387,000$473,000$430,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,494
Property Tax -$264
Property Insurance -$91
HOA -$98
Property Management Fees -$99
CASH FLOW
$75

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.

$430,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$29,343

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,355

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1203$2,1954$2,2355$2,400
$2,400
RENT COMPS ANALYSIS
  • 14554 W Cortez Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.65
    •  
  • 14982 W Columbine Drive Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 11964 N 146th Avenue Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2005
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.72
    •  
  • 14974 W Columbine Drive Surprise, AZ 4
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,235
    • $0.72
    •  
  • 15210 W Cortez Street Surprise, AZ 5
    • 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2003
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
PROPERTY LISTING DETAILS
Harriet Fusco
Fusco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182852
Last Updated: 02/06/2021
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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