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

14681 W St Moritz Lane W Surprise, AZ 85379

4 Beds 2 Baths 2,035 sqft Built 2005

$340,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.08
  • 5 Days on Market
  • MLS # : 6159122
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,035 sqft
  • Baths : 2 full
Listing Agent

Propertyaz

Listing Agent's Description

This is a great single level home in the Royal Ranch Subdivision. Home has been well cared for and has new carpet recently installed. Fomal living and Dining. Kitchen has upgraded cabinets, granite counters and high breakfast bar along with separate eating area. Family room is spacious is off the kitchen. Master bedroom is a great size with large closet, double sinks and separate tub and shower. It also has a 3 car garage and a spacious. low maintenance back yard. This is just a great home!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,254
Property Tax -$208
Property Insurance -$67
HOA -$65
Property Management Fees -$99
CASH FLOW
-$44

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.

$340,000

PROJECTED PRICE

$1,650

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,6503$1,6954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 14681 W St Moritz Lane W Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 14646 W Crocus Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2004
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.74
    •  
  • 15146 N 145th Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2007
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 14582 W Port Royale Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2007
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 14558 W Port Royale Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2007
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
PROPERTY LISTING DETAILS
Patricia A Walberer
Propertyaz
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159122
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.

BESbswy