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16525 W Rowel Road W Surprise, AZ 85387

5 Beds 3 Baths 3,323 sqft Built 2006

$413,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $124.29
  • 2 Days on Market
  • MLS # : 6160510
  • Updated Date : 11/14/2020 at 09:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,323 sqft
  • Baths : 3 full
Listing Agent

Silver Alliance Realty

Listing Agent's Description

Wonderful two-story 5 bedroom 3 bathroom home in Desert Oasis Surprise on a nicely landscaped lot with 3.5 garage! Home features a spacious floor plan. This home is Beautiful and has been very pampered through out the years! Backyard is perfect for entertaining and having fun around the built in pool and built in gas fire table . Open floor model with gas fireplace in family room. Bedroom and full bath downstairs. Large master bath and three additional rooms upstairs with large loft area. all rooms have ceiling fans a 3.5 car garage . solar panels and rain guttersMany extras ! MUST SEE!!!

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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$371,700$454,300$413,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,524
Property Tax -$247
Property Insurance -$92
HOA -$66
Property Management Fees -$99
CASH FLOW
-$138

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.

$413,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.46%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$115,195

INVESTMENT

$115,195

Down Payment
$103,250
Rehab Estimate
$5,750
Closing Costs
$6,195

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,524

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,250
Loan Amount $309,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$17,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$2,0003$2,0954$2,195
$2,195
RENT COMPS ANALYSIS
  • 16525 W Rowel Road W Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,323 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,323 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.57
    •  
  • 16747 W Tether Trail Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.58
    •  
  • 16741 W Tether Trail Surprise, AZ 3
    • 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.59
    •  
  • 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
Dee Dalton
Silver Alliance Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160510
Last Updated: 11/14/2020
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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