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16763 W Lariat Lane Surprise, AZ 85387

4 Beds 3 Baths 2,851 sqft Built 2005

$424,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $149.04
  • 3 Days on Market
  • MLS # : 6199563
  • Updated Date : 02/26/2021 at 23:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,851 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

WOW! Beautiful turnkey home located in the heart of Desert Oasis. This home has so many amazing features including a chef's kitchen with double ovens, granite countertops, cherry cabinets, black appliances, walk in pantry, and a brkfast bar, plantation shutters throughout, 4 large bdrms w/one downstairs your guests will truly enjoy. Feast your eyes on the stunning wood and iron staircase that leads to a loft and 3 more bdrms, a mstr bdrm that includes a balcony, nice sized bthrm with dbl sinks and a walk in closet complete w/built in cabinets. Enjoy the AZ weather and relax in this perfect backyard or take a swim in the pebble tec pool. This home comes equipped with a pelican water conditioner. Don't miss out on this immaculate home that definitely has pride of ownership, It's a 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
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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,476
Property Tax -$254
Property Insurance -$83
HOA -$66
Property Management Fees -$99
CASH FLOW
-$178

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.

$424,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.42%

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,904

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
  • $1,967

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,9954$2,000
$2,000
RENT COMPS ANALYSIS
  • 16763 W Lariat Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2005
    • 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
    •  
  • 23965 N 166th Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 26023 N Sandstone Way Surprise, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Julie Rogers
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199563
Last Updated: 02/26/2021
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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