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16194 W Young Street Surprise, AZ 85374

4 Beds 3 Baths 1,889 sqft Built 1999

$312,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $165.17
  • 3 Days on Market
  • MLS # : 6190391
  • Updated Date : 02/06/2021 at 15:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,889 sqft
  • Baths : 3 full
Listing Agent

Re/max Professionals

Listing Agent's Description

This home is a must see. 4 bedrooms and three bathrooms. Large master bathroom and huge walk in closet. The large great room is contiguous to the open kitchen. New flooring, fresh interior paint, beautiful white cabinets, new granite countertops and sinks throughout. All new SS appliances! Huge back yard with newly sodded lawn. Ceiling fans throughout. Great family floor plan. (It has a separate den as well)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9021567

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

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

$280,800$343,200$312,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,084
Property Tax -$217
Property Insurance -$64
HOA -$8
Property Management Fees -$99
CASH FLOW
$198

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.

$312,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,430

INVESTMENT

$88,430

Down Payment
$78,000
Rehab Estimate
$5,750
Closing Costs
$4,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,000
Loan Amount $234,000
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$37,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,6503$1,6704$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 16194 W Young Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.88
    •  
  • 16286 N 159th Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2000
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.89
    •  
  • 16223 W Cottonwood Street Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 16228 N 160th Avenue Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1999
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 15938 W Cottonwood Street Surprise, AZ 5
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2000
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jake Wright
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190391
Last Updated: 02/06/2021
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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