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14618 N 134th Lane Surprise, AZ 85379

5 Beds 3 Baths 2,363 sqft Built 2001

$346,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $146.80
  • 3 Days on Market
  • MLS # : 6172807
  • Updated Date : 12/18/2020 at 13:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,363 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

You will be proud to live in this 5 bed, 3 bath home located in the quiet family-friendly community of Surprise. Step down into the sunken living room with its high vaulted ceilings and pleasing arch window. The kitchen and dining room have an open floor plan with a fireplace. The picture windows throughout the space bring in lots of natural light. The large primary bedroom has a walk-in closet, a clear sliding glass door that leads to the sizable upstairs balcony, and an en suite bathroom. The home is a 7minute drive from the Surprise Community Park with a fishing pond and Recreational area and the Surprise Stadium and Community Park. The Surprise MarketPlace and Suprise Village Center are less than 10 minutes away and each has a variety of shopping or restaurants to choose from.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781567

* 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
West Point Elementary School Primary Regular 864 45 4
West Point Elementary School Middle Regular 864 45 4
Valley Vista High School High Regular 2,457 101 4

West Point Elementary School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 45
4
GreatSchools Rating

West Point Elementary School

  • Education Level: Middle
  • # of students: 864
  • # of teachers: 45
4
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$312,210$381,590$346,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,280
Property Tax -$213
Property Insurance -$73
HOA -$12
Property Management Fees -$99
CASH FLOW
$203

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.

$346,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,679

INVESTMENT

$97,679

Down Payment
$86,725
Rehab Estimate
$5,750
Closing Costs
$5,204

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,725
Loan Amount $260,175
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$48,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5953$1,7954$1,8805$1,895
$1,895
RENT COMPS ANALYSIS
  • 14618 N 134th Lane Surprise, AZ 4
    • 5 beds 3 baths ∙ 2,363 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,363 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.80
    •  
  • 13256 W Watson Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2002
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 14265 N 135th Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 13741 W Port Royale Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 14999 N 137th Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172807
Last Updated: 12/18/2020
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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