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

14764 N 141st Drive Surprise, AZ 85379

4 Beds 3 Baths 3,675 sqft Built 2005

$424,999

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $115.65
  • 1 Days on Market
  • MLS # : 6160840
  • Updated Date : 11/14/2020 at 23:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,675 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

I am the one you have been waiting for! My owners have made some AMAZING changes that will delight even the fussiest buyers. My outside was painted in 2018 while my interior was painted in 2017. The downstairsflooring was upgraded to a beautiful beach-wood laminate which looks amazing next to my plantation shutters in the family room.The kitchen is open to the family room w/a large pantry, corian counters, awesome island & SS appliances. Finishing out my downstairs I have a great sized den w/dbl doors & a half bath. Oh!, my downstairs laundry room has ample cabinet space & a utility sink. Heading upstairs get ready to be blown away when you are greeted by the humongous loft. Wait until you see my master suite, its huge! It's private en-suite has dual sinks w/new LED lighted water

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Verde

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Sierra Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9691567

* 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
 

$382,499$467,499$424,999

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,568
Property Tax -$260
Property Insurance -$99
HOA -$50
Property Management Fees -$99
CASH FLOW
$84

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.

$424,999

PROJECTED PRICE

$2,160

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.0%
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$1.6M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,749
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$39,415

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
  • $2,511

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,550
$2,550
RENT COMPS ANALYSIS
  • 14764 N 141st Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,675 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,675 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13635 W Boca Raton Road Surprise, AZ 2
    • 5 beds 3 baths ∙ 3,350 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,350 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.66
    •  
  • 15232 W Georgia Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,413 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,413 Sqft ∙ Built 2006
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 14403 W Mandalay Lane Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,533 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,533 Sqft ∙ Built 2005
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.72
    •  
PROPERTY LISTING DETAILS
Catherine Gibson
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160840
Last Updated: 11/14/2020
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