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14912 N 177th Avenue Surprise, AZ 85388

3 Beds 3 Baths 1,566 sqft Built 2006

INVESTimate

$238,000

List Price

$1,280

$1,152 - $1,408

Rent Est.

$254,517  ( +6.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $151.98
  • 4 Days on Market
  • MLS # : 6121606
  • Updated Date : 08/23/2020 at 09:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,566 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Toma Partners

Listing Agent's Description

Perfect for first time home buyers! This home features dual master suites with walk in closets. Spacious living room and kitchen with an ample amount of counter space, maple cabinets, and extra storage under the stairwell. Sliding doors lead out to a covered patio.Well taken care of and maintained home.Close access to 303. Community playground, parks and school nearby.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9311981

* 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
Sunset Hills Elementary School Primary Regular 1,214 55 6
Sunset Hills Elementary School Middle Regular 1,214 55 6
Shadow Ridge High School High Regular 1,735 77 4

Sunset Hills Elementary School

  • Education Level: Primary
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Sunset Hills Elementary School

  • Education Level: Middle
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Shadow Ridge High School

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

$214,200$261,800$238,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$878
Property Tax -$165
Property Insurance -$58
HOA -$114
Property Management Fees -$99
CASH FLOW
-$34

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.

$238,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,820

INVESTMENT

$68,820

Down Payment
$59,500
Rehab Estimate
$5,750
Closing Costs
$3,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,500
Loan Amount $178,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,703

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
  • $1,280

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,2954$1,2955$1,295
$1,295
RENT COMPS ANALYSIS
  • 14912 N 177th Avenue Surprise, 1
    • 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17561 W Banff Lane Surprise, 2
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2005
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.82
    •  
  • 14956 N 174th Drive Surprise, 3
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2006
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.82
    •  
  • 17468 W Lisbon Lane Surprise, 4
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2007
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 17521 W Banff Lane Surprise, 5
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2005
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.82
    •  
PROPERTY LISTING DETAILS
Elizabeth Ciurdas
Century 21 Toma Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121606
Last Updated: 08/23/2020
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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