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16329 N 171st Lane Surprise, AZ 85388

3 Beds 2 Baths 2,112 sqft Built 2005

$325,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $153.88
  • 3 Days on Market
  • MLS # : 6176103
  • Updated Date : 01/01/2021 at 07:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to 2021 and new beginnings in this gorgeous home. You will first be charmed by the curb appeal. Mature desert landscape, widened driveway for extra parking, stacked stone accents and cute dormer windows. Open into the living, dining area or maybe it's your playroom and office. Whatever you need it to be, but yes! that is a double sided fireplace in the middle of the room. What a fun, unexpected design element. Continue down the arch driven hallway where you will find 2 bedrooms and a bathroom. Great split floorplan. Next up the heart of the home, kitchen and great room. Rich cabinetry, granite countertops, and a large island. Great room has another fireplace with stacked stone and nice entertainment niche. Head into the master bedroom with french doors leading out back.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9631981

* 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
Canyon Ridge Elementary School Primary Regular 1,001 45 9
Canyon Ridge Elementary School Middle Regular 1,001 45 9
Willow Canyon High School High Regular 2,084 83 3

Canyon Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 45
9
GreatSchools Rating

Canyon Ridge Elementary School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 45
9
GreatSchools Rating

Willow Canyon High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,199
Property Tax -$226
Property Insurance -$68
HOA -$72
Property Management Fees -$99
CASH FLOW
-$14

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.

$325,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,521

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,5004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 16329 N 171st Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 17134 W Ironwood Street Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.76
    •  
  • 17262 W Rimrock Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2004
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 16422 N 171st Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2005
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 15864 N 172nd Lane Surprise, AZ 5
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
PROPERTY LISTING DETAILS
Steve Valentine
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176103
Last Updated: 01/01/2021
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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