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16803 W Central Street Surprise, AZ 85388

4 Beds 3 Baths 2,862 sqft Built 2003

$390,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $136.27
  • 2 Days on Market
  • MLS # : 6206939
  • Updated Date : 03/13/2021 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,862 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Amazing! This is your chance to own a gorgeous home with great location in Surprise. Walk in and be greeted by soaring high ceilings and an inviting living room perfect for receiving guests. Walk further and you'll find a lovely kitchen showcasing matching white appliances, honey oak cabinetry, and pantry. There is also a cozy breakfast room with sunny windows! Venture upstairs to find a large loft great for movie nights or entertainment. All the bedrooms are oversized, the downstairs master bedroom suite, you'll find a full bath comprised of dual sinks, separate tub/shower, and walk-in closet. Large backyard is comprised of a covered patio, trees, fenced pool & spa, and ample space to customize to your own liking. Your dream home awaits. Stop searching and start calling

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9631981

* 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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,355
Property Tax -$271
Property Insurance -$83
HOA -$44
Property Management Fees -$99
CASH FLOW
-$92

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$390,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,8503$1,8954$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 16803 W Central Street Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.61
    •  
  • 16395 W Post Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2002
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 16843 W Ironwood Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2003
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
  • 15157 N 174th Drive Surprise, AZ 4
    • 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
  • 17150 W Post Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
PROPERTY LISTING DETAILS
Patty Labenske
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206939
Last Updated: 03/13/2021
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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