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16453 W Yucatan Drive Surprise, AZ 85388

3 Beds 3 Baths 2,375 sqft Built 2009

$362,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $152.42
  • 3 Days on Market
  • MLS # : 6193226
  • Updated Date : 02/12/2021 at 04:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,375 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Location...! Close to Freeways...open concept...split master bedroom floor plan...this 3bd/2.5Ba + Den + 10'x20' Bonus room ideal for game room or hobby room! Kitchen offers upgraded 42'' upper cabinets, granite counters and all stainless steel appliances (including refrigerator). Formal and informal living areas round out this wonderful home! Tile in the high traffic areas and carpet in the bedrooms. Master bath offer separate shower and tub as well as dual sinks and large walk in closet. Low maintenance desert landscaping...solar owned.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k304k

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

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9791606

* 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

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

$325,800$398,200$362,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,257
Property Tax -$252
Property Insurance -$73
HOA -$68
Property Management Fees -$99
CASH FLOW
-$30

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.

$362,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,680

INVESTMENT

$101,680

Down Payment
$90,500
Rehab Estimate
$5,750
Closing Costs
$5,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,500
Loan Amount $271,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,8004$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 16453 W Yucatan Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.72
    •  
  • 16228 W Yucatan Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,265 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,265 Sqft ∙ Built 2005
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 16015 W Christy Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 15731 W Shaw Butte Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 11170 N 165th Avenue Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,348 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,348 Sqft ∙ Built 2007
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jeremy J Jack
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193226
Last Updated: 02/12/2021
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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