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16806 W Halifax Street Surprise, AZ 85374

4 Beds 4 Baths 2,825 sqft Built 2002

$385,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $136.28
  • 4 Days on Market
  • MLS # : 6184074
  • Updated Date : 01/24/2021 at 02:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,825 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous 4 Bedroom 3.5 Bathroom Single Level 2825 sq ft Home. Gourmet 21'X13' Chef's Kitchen w-built in Oven & Microwave, Corian Counters, Lg Kitchen Island, Additional Cabinets+Pantry. Easily could be called a Second Gen-Hm because it has 2 Very Lg Split Master Bedrooms. Spacious Great Room with Lg Windows Inviting the out doors inside. Formal Dining Rm & Eat-In-Kitchen Nook. Home has an Owned Solar System+ Double Tank Solar Hot Water System fully paid for.. Designer Paint .Water Softener, R.O. Sys. Duct Work Reworked. Newer Sun Screens provide for Hi-Efficiency Ratings. The Entertaining Lg Back Yd has an Extra Lg Patio with Covered Heated Spa. Oversized Lot with RV gates. Home is on a Corner Lot in a Cul-de-Sac. Beautiful Grassy Basket Ball Park at the end of the Cul-de-sac.

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
 

$346,500$423,500$385,000

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 -$1,337
Property Tax -$268
Property Insurance -$82
HOA -$68
Property Management Fees -$99
CASH FLOW
$36

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.

$385,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.49%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,125

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
  • $0.67

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,805
1$1,8052$1,8903$1,9954$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 16806 W Halifax Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.67
    •  
  • 16767 W Weymouth Road Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2004
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,805
    • $0.73
    •  
  • 17039 W Ipswitch Way Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 17017 W Limestone Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 17984 N 168th Avenue Surprise, AZ 5
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
PROPERTY LISTING DETAILS
Patricia H Borton
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184074
Last Updated: 01/24/2021
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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