Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14575 W Mountain View Boulevard #10215 Surprise, AZ 85374

3 Beds 2 Baths 1,651 sqft Built 2006

$235,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $142.34
  • 5 Days on Market
  • MLS # : 6155790
  • Updated Date : 11/06/2020 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,651 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful and MOVE IN ready private and rare 3 bedroom, 2 bath FULLY FURNISHED corner unit on the 2nd floor in the popular Park Place Complex with views! This luxury unit features an open floor plan with loads of natural light, comfortable open great room floor plan, split 3 bedrooms and perfectly decorated interior with huge living room open to a nicely appointed kitchen with granite island, and private patio. Located in this gated community with tons of amenities including a heated pool, hot tub, clubhouse with billiards, fitness center, theater, business center, craft and yoga room. This complex is located close to highways, hospitals and MLB Spring Training facilities. Your large balcony is a great place to relax while enjoying the beautiful Arizona sunsets!! Come see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Place Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k271k

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

Neighborhood: Park Place Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9331567

* 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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$867
Property Tax -$163
Property Insurance -$59
HOA -$317
Property Management Fees -$99
CASH FLOW
-$76

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.

$235,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4633$1,5504$1,6755$1,800
$1,800
RENT COMPS ANALYSIS
  • 14575 W Mountain View Boulevard #10215 Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14911 W Rampart Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,463
    • $0.86
    •  
  • 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
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 17507 N Kimberly Way Surprise, AZ 4
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 14575 W Mountain View Boulevard #11115 Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
PROPERTY LISTING DETAILS
Sheila Touhey
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155790
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.

BESbswy