Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16835 W Aberdeen Drive Surprise, AZ 85374

3 Beds 2 Baths 1,916 sqft Built 2003

$330,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $172.23
  • 7 Days on Market
  • MLS # : 6194252
  • Updated Date : 02/15/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,916 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Terrific single-level home with a pool! Entertainers will love the open concept living area. A large kitchen overlooks a spacious family room and comes well equipped with stainless appliances, double wall oven, breakfast bar, and plenty of storage space. Nice-sized additional bedrooms and full guest bath. Big laundry/utility room with a sink and a bonus room that is currently set up as a workshop, but could be an office, gym, and more! Relax in the roomy master suite with sliders to the patio, walk-in closet, double sinks, garden tub and separate shower. A great backyard boasts an extended covered patio, desert landscaping, and sparkling pool. This wonderful home won't last long, schedule a showing today!

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
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,146
Property Tax -$229
Property Insurance -$65
HOA -$65
Property Management Fees -$99
CASH FLOW
$106

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.

$330,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.52%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$28,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,6503$1,6954$1,6995$1,710
$1,710
RENT COMPS ANALYSIS
  • 16835 W Aberdeen Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.89
    •  
  • 17020 W Halifax Lane Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 16847 W Weymouth Road Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 17955 N 168th Lane Surprise, AZ 3
    • 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
    •  
  • 17397 N 169th Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2005
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.93
    •  
PROPERTY LISTING DETAILS
Matthew Dixon
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194252
Last Updated: 02/15/2021
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.

BESbswy