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16503 W Tether Trail Surprise, AZ 85387

5 Beds 3 Baths 3,025 sqft Built 2009

$380,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $125.62
  • 5 Days on Market
  • MLS # : 6188635
  • Updated Date : 02/04/2021 at 17:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,025 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful home in Desert Oasis! 5 bedroom, 3 bathroom home has everything you're looking for! Downstairs includes large, open formalliving & dining areas, family room w/ fireplace, HUGE dream kitchen with newer SS appliances, FRIDGE included. Loads of cabinets, counter space, island, & breakfast bar. Spacious dining area in kitchen, den/office, & large mudroom off of the garage. One bedroom and bathroom also downstairs- perfect for guest quarters! Upstairs includes loft, laundry room, 3 bedrooms, bathroom, & master suite. Master suite has a cozyFIREPLACE, spacious bathroom w/ dual sinks, separate tub & shower, and HUGE master closet. BEAUTIFUL updated flooring downstairs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9721567

* 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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,320
Property Tax -$227
Property Insurance -$86
HOA -$66
Property Management Fees -$99
CASH FLOW
$12

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.

$380,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$2,0004$2,195
$2,195
RENT COMPS ANALYSIS
  • 16503 W Tether Trail Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,025 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,025 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27234 N 175th Drive Surprise, AZ 2
    • 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.63
    •  
  • 26023 N Sandstone Way Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 25879 N Sandstone Way Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2006
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.65
    •  
PROPERTY LISTING DETAILS
Dana Vandeman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188635
Last Updated: 02/04/2021
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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