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14840 N 161st Court Surprise, AZ 85379

4 Beds 3 Baths 2,958 sqft Built 2002

$409,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $138.27
  • 3 Days on Market
  • MLS # : 6159860
  • Updated Date : 11/14/2020 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,958 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Spacious 4 bedroom, 2 1/2 bath, with den on an open floor plan with upstairs loft. Secluded location on cul de sac facing a community park. OWNED solar, grandfathered, & 2 brand new 3.5 ton 16 seer A/C units! Backyard features private pool with custom water feature, pool heat pump & built in BBQ. Recent exterior paint job, 3 car garage with electric car charger & prepped for 2 additional, Plush landscaping! Split master bedroom with large tub and separate vanities. A must see!!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legacy Parc

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $96k271k

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

Neighborhood: Legacy Parc

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9321567

* 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
Countryside Elementary School Primary Regular 970 44 6
Countryside Elementary School Middle Regular 970 44 6
Shadow Ridge High School High Regular 1,735 77 4

Countryside Elementary School

  • Education Level: Primary
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Countryside Elementary School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,509
Property Tax -$291
Property Insurance -$85
HOA -$55
Property Management Fees -$99
CASH FLOW
-$289

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.

$409,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,878

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8454$1,9755$2,095
$2,095
RENT COMPS ANALYSIS
  • 14840 N 161st Court Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.59
    •  
  • 15854 W Boca Raton Road Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2004
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 15855 W Port Royale Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.61
    •  
  • 16050 W Mauna Loa Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
  • 15931 W Acapulco Lane Surprise, AZ 5
    • 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2002
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.64
    •  
PROPERTY LISTING DETAILS
Stephanie M Bobski
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159860
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.

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