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16798 W Nottingham Way Surprise, AZ 85374

3 Beds 2 Baths 2,175 sqft Built 2000

$365,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $167.82
  • 1 Days on Market
  • MLS # : 6163667
  • Updated Date : 11/21/2020 at 18:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,175 sqft
  • Baths : 2 full
Listing Agent

Leolinda Realty

Listing Agent's Description

Beautiful move in ready home located on a cul-de-sac lot in the premiere community of Bell West Ranch. Your creativity will go wild with the yard; imagine a huge pool, or outdoor games, or picnics, this huge lot can provide it all! Your 3-bedroom home has lots of play or hobby areas. Home has a large family room with fireplace, a computer area, formal dining area and huge kitchen with lots of cabinetry and granite counters. Master bedroom is located on the opposite side of the house providing family & guests with lots of privacy. 3rd car garage can be a 4th sleeping area, playroom, hobby room or student study area. Backyard has an expanded patio, dog run, and storage. This is the perfect home for both family and guests. Enjoy the privacy benefits inside and out and enjoy your family time!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bell West Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Bell West Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9431567

* 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
Cimarron Springs Elementary School Primary Regular 950 45 7
Cimarron Springs Elementary School Middle Regular 950 45 7
Willow Canyon High School High Regular 2,084 83 3

Cimarron Springs Elementary School

  • Education Level: Primary
  • # of students: 950
  • # of teachers: 45
7
GreatSchools Rating

Cimarron Springs Elementary School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 45
7
GreatSchools Rating

Willow Canyon High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,347
Property Tax -$254
Property Insurance -$70
HOA -$149
Property Management Fees -$99
CASH FLOW
-$458

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.

$365,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4603$1,5004$1,6455$1,695
$1,695
RENT COMPS ANALYSIS
  • 16798 W Nottingham Way Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,175 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,175 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.67
    •  
  • 17064 W Ipswitch Way Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
  • 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
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 16852 W Tasha Drive Surprise, AZ 4
    • 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2003
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.73
    •  
  • 17955 N 168th Lane Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
PROPERTY LISTING DETAILS
Leolinda Bowers
Leolinda Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163667
Last Updated: 11/21/2020
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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