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16142 N Naegel Drive Surprise, AZ 85374

3 Beds 2 Baths 1,766 sqft Built 2000

$270,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $152.89
  • 2 Days on Market
  • MLS # : 6176248
  • Updated Date : 01/02/2021 at 15:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Liv Az Realty

Listing Agent's Description

Beautiful family home in great neighborhood! Spacious formal living and dining, eat-in kitchen and family room with large lot perfect for a family or down-sizing couple. New interior paint complemented by all of the natural lighting. Split master bedroom with bay window and walk-in closet. Good size bedrooms and a den that can be used as a play room or office. Easy to maintain gravel backyard that is an empty canvas and has the area and potential to be updated to your liking.This community is minutes from great shopping, restaurants, movie theater, public swimming, library, as well as the Spring Training home of the Royals and Rangers! Don't miss the opportunity to own this lovely home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legacy and Heritage at West Point Town Center

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

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

Neighborhood: Legacy and Heritage at West Point Town Center

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8981567

* 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
West Point Elementary School Primary Regular 864 45 4
West Point Elementary School Middle Regular 864 45 4
Valley Vista High School High Regular 2,457 101 4

West Point Elementary School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 45
4
GreatSchools Rating

West Point Elementary School

  • Education Level: Middle
  • # of students: 864
  • # of teachers: 45
4
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$996
Property Tax -$188
Property Insurance -$62
HOA -$18
Property Management Fees -$99
CASH FLOW
$157

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.

$270,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$36,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5203$1,5504$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 16142 N Naegel Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.86
    •  
  • 13430 W Young Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1999
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.91
    •  
  • 13517 W Young Street Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 16450 N Naegel Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.84
    •  
  • 13693 W Cottonwood Street Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
Armando Gonzalez
Liv Az Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176248
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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