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11637 N 165th Lane Surprise, AZ 85388

4 Beds 3 Baths 2,559 sqft Built 2017

$335,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $130.91
  • 3 Days on Market
  • MLS # : 6157115
  • Updated Date : 11/13/2020 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,559 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful 4 bed, 3 bath home in Surprise. This home is only 3 years old and features gorgeous white tile floors, a modern open-concept kitchen and living area, and 4 spacious bedrooms. One bedroom is on the first floor which could also be used as an office/den. Upstairs is a spacious loft, and the huge master suite complete with its own beautiful bathroom and walk-in closet. This property has been meticulously cared for by the current owners. It is located just minutes from the 303 Loop, with easy access to the I-10 and everything the area has to offer. The house also includes Whirlpool Energy Star appliances, a 2 car garage, and a private patio out back. Sycamore Farms neighborhood features a playground, a community pool, and a dog park

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Retreat at Sycamore Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Retreat at Sycamore Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9081981

* 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
Sonoran Heights Elementary School Primary Regular 961 42 7
Sonoran Heights Elementary School Middle Regular 961 42 7
Shadow Ridge High School High Regular 1,735 77 4

Sonoran Heights Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Sonoran Heights Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Shadow Ridge High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,236
Property Tax -$233
Property Insurance -$77
HOA -$86
Property Management Fees -$99
CASH FLOW
$29

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.

$335,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$0.0$5.0k$10k$15k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,652
1$1,6522$1,7603$1,9004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 11637 N 165th Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.69
    •  
  • 16163 W Yucatan Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2005
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,652
    • $0.61
    •  
  • 15768 W Desert Mirage Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 2005
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 11383 N 161st Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2005
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.68
    •  
  • 16291 W Yucatan Drive Surprise, AZ 5
    • 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2006
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
PROPERTY LISTING DETAILS
Bennett S Boyer
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157115
Last Updated: 11/13/2020
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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