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16817 W Bridlington Avenue Surprise, AZ 85374

3 Beds 2 Baths 2,223 sqft Built 2003

INVESTimate

$364,999

List Price

$1,510

$1,359 - $1,661

Rent Est.

$391,534  ( +7.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $164.19
  • 5 Days on Market
  • MLS # : 6121111
  • Updated Date : 08/24/2020 at 11:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,223 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is it!! Perfect one level home 3/2 plus a den that can easily be used as a 4th bedroom. With 10 foot ceilings and a great split floorpan. Just some of the upgrades include quartz countertops, upgraded and extended kitchen cabinets, stainless steel appliances, fresh paint, tile flooring in 95% percent of the home. Sitting on a large lot with huge backyard and much more. Plenty of space for a future pool construction. This great remodel includes also new bathrooms, carpet and light fixtures. 3 car garage and RV gate to park all your toys. Near playgrounds and walking paths! Great neighborhood overall. Easy access to highways and close to shopping. Please show and sell!! This property comes with a solar lease that is transferable.

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
 

$328,499$401,499$364,999

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,347
Property Tax -$254
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
-$325

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.

$364,999

PROJECTED PRICE

$1,510

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.27%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

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 60% 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 $273,749
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,639

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,5104$1,6955$1,805
$1,805
RENT COMPS ANALYSIS
  • 16817 W Bridlington Avenue Surprise, 3
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.68
    •  
  • 16770 W Tonbridge Street Surprise, 1
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1999
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 17209 W Elm Street Surprise, 2
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2004
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 17955 N 168th Lane Surprise, 4
    • 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
    •  
  • 16767 W Weymouth Road Surprise, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Alejandrina Kerbs
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121111
Last Updated: 08/24/2020
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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