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14671 W Mandalay Lane Surprise, AZ 85379

5 Beds 3 Baths 3,122 sqft Built 2005

$380,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $121.72
  • 3 Days on Market
  • MLS # : 6159646
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,122 sqft
  • Baths : 2 full , 1 half
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Outstanding two story home in Surprise is a total dream! Exquisite curb appeal, green grass front and backyard and 3 car garage with rear garage door that opens to backyard are some features worth mentioning. Step inside this beauty to find a spacious living/dining room with designer paint, a cozy family room, den, and a nice size loft perfect for a game area. Eat-in kitchen is a gem with staggered cabinets, matching appliances, granite counters, pantry, and breakfast bar. Master suite has a lavish ensuite with double sinks, separate tub & shower, and a bountiful walk-in closet. Large backyard is ideal for hosting fun gatherings with its covered patio, built-in BBQ, fire pit plumbed for propane option and cozy deck. What's not to like? Hurry to call, a deal like this won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Royal Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Royal Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
Ashton Ranch Elementary School Primary Regular 1,025 43 4
Ashton Ranch Elementary School Middle Regular 1,025 43 4
Valley Vista High School High Regular 2,457 101 4

Ashton Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,025
  • # of teachers: 43
4
GreatSchools Rating

Ashton Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 43
4
GreatSchools Rating

Valley Vista High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,402
Property Tax -$233
Property Insurance -$88
HOA -$65
Property Management Fees -$99
CASH FLOW
-$17

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.

$380,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$23,709

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
  • $2,029

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9454$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 14671 W Mandalay Lane Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14645 W St Moritz Lane Surprise, AZ 2
    • 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.61
    •  
  • 14210 W Mauna Loa Lane Surprise, AZ 3
    • 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.61
    •  
  • 14311 W Lisbon Lane Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 14333 W Gelding Drive Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.69
    •  
PROPERTY LISTING DETAILS
Monica Gomez-murrieta
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159646
Last Updated: 11/13/2020
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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