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14744 W Poinsettia Drive Surprise, AZ 85379

4 Beds 3 Baths 2,522 sqft Built 2005

$364,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $144.33
  • 2 Days on Market
  • MLS # : 6178910
  • Updated Date : 01/09/2021 at 22:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,522 sqft
  • Baths : 3 full
Listing Agent

Desert Dream Realty

Listing Agent's Description

Beautiful Spanish style home; no homes directly behind in Rancho Gabriela in Surprise. Entertain guests in formal living/dining room, w/soaring ceilings, open stairway & beautiful hardwood floors. Dream eat-in kitchen w/Stainless Steel appliances, granite counters, raised panel custom cabinets, huge kitchen island open to spacious family room. Covered patio leads to fabulous crystal clear pool with gigantic water fall & slide. Bedroom, full bath downstairs. Upstairs spacious master suite boasts double door entry w/in-suite bath, double sinks, separate tub/shower, large walk-in closet. Two additional bedrooms, full bath, loft & convenient laundry w/lots of cabinets & sink. EZ care front/back yard, 2-car garage. Great community with sidewalks, park, nearby shopping & dining. Don't miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9711567

* 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
Rancho Gabriela Elementary School Primary Regular 1,158 50 7
Rancho Gabriela Elementary School Middle Regular 1,158 50 7
Dysart High School High Regular 1,604 73 3

Rancho Gabriela Elementary School

  • Education Level: Primary
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Rancho Gabriela Elementary School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Dysart High School

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

$327,600$400,400$364,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,264
Property Tax -$223
Property Insurance -$76
HOA -$50
Property Management Fees -$99
CASH FLOW
$127

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.

$364,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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

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$102,210

INVESTMENT

$102,210

Down Payment
$91,000
Rehab Estimate
$5,750
Closing Costs
$5,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,000
Loan Amount $273,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$33,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8404$1,8955$2,095
$2,095
RENT COMPS ANALYSIS
  • 14744 W Poinsettia Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.73
    •  
  • 14824 W Windrose Drive Surprise, AZ 1
    • 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 15368 W Yucatan Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 15013 W Cortez Street Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2004
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 14766 W Larkspur Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2003
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jennifer Patnode
Desert Dream Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178910
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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