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14957 N 174th Drive Surprise, AZ 85388

4 Beds 3 Baths 1,902 sqft Built 2006

$320,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $168.24
  • 3 Days on Market
  • MLS # : 6199870
  • Updated Date : 02/28/2021 at 04:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,902 sqft
  • Baths : 3 full
Listing Agent

Urban House Realty

Listing Agent's Description

Beautifully remodeled spacious 4 bedroom 2 1/2 bath, 2 car garage home with large swimming pool. Granite countertops with plenty of cabinet space and work island in kitchen for all your cooking needs. Beautiful 8 1/2' deep swimming pool for your AZ summer fun! New paint inside and out along with new popular high quality Lifeproof plank flooring throughout downstairs living, kitchen, dinning room, and guest bath areas. House is located close to major shopping centers, freeway access, schools, and more! Home has been well maintained inside and out and is ready for you to move in and add your personal touch. North/South desirable facing home with newer A/C unit, dishwasher, and Intelliflo cost saving pool pump.

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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,111
Property Tax -$223
Property Insurance -$64
HOA -$20
Property Management Fees -$99
CASH FLOW
-$77

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.

$320,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3753$1,4404$1,4995$1,575
$1,575
RENT COMPS ANALYSIS
  • 14957 N 174th Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.76
    •  
  • 15078 N 173rd Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.72
    •  
  • 17656 W Lisbon Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 17611 W Lisbon Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.79
    •  
  • 17452 W Caribbean Lane Surprise, AZ 5
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
PROPERTY LISTING DETAILS
Kenneth Winkler
Urban House Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199870
Last Updated: 02/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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