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15011 W Kings Drive Surprise, AZ 85374

2 Beds 2 Baths 923 sqft Built 1998

INVESTimate

$229,900

List Price

$1,190

$1,071 - $1,309

Rent Est.

$252,913  ( +10.01%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $249.08
  • 10 Days on Market
  • MLS # : 6118815
  • Updated Date : 08/25/2020 at 15:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 923 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

WHAT A SWEET STARTER HOME or Retirement Home in excellent area of Kingswood Park . A MASTER PLANNED COMMUNITY FEATURING PARKS, LAKES, BIKE TRAILS, TENNIS & MORE, THIS HOME HAS AN OPEN FLOOR PLAN WITH VAULTED CEILINGS! Kitchen has Stainless Steel Appliances pantry . GRANITE COUNTERTOPS. GLASS & TILE BACKSPLASH, TILE FLOORING, @ bedrooms 2 bath 12 X 24 CONCRETE PATIO, COVERED PORCH IN FRONT OF HOME. CONCRETE WALKWAY LEADING FROM FRONT TO BACK on the side of home. CLOSE TO HOSPITAL, SHOPPING SPORTS COMPLEX & AMENITIES. DON'T MISS OUT, THIS IS A MUST SEE !! Please note MLS photos are from when property was rented previously. Property will have fresh interior paint and will be professionally clean before close of escrow. This home has an great open floor plan its a must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8921567

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$848
Property Tax -$138
Property Insurance -$45
HOA -$35
Property Management Fees -$99
CASH FLOW
$25

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.

$229,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$19,345

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
  • $1,089

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 15011 W Kings Drive Surprise, 1
    • 2 beds 2 baths ∙ 923 Sqft ∙ Built 1998 2 beds 2 baths ∙ 923 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17201 N Larkspur Lane Surprise, 2
    • 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1997
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.15
    •  
  • 14575 W Mountain View Boulevard #923 Surprise, 3
    • 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 2006
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.15
    •  
  • 17919 N Reno Avenue Surprise, 4
    • 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.18
    •  
  • 17720 N Havasupai Drive Surprise, 5
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.24
    •  
PROPERTY LISTING DETAILS
Rosemary Landaverde
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118815
Last Updated: 08/25/2020
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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