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16947 W Alameda Road Surprise, AZ 85387

3 Beds 3 Baths 2,305 sqft Built 2020

$600,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $260.30
  • 3 Days on Market
  • MLS # : 6202892
  • Updated Date : 03/05/2021 at 18:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,305 sqft
  • Baths : 3 full
Listing Agent

Trelora Realty

Listing Agent's Description

Come and see this highly desirable single story home that is only 1 year old w/ a pool & RV garage! As you enter through the front door you are welcomed by an open concept that creates both a comforting & welcoming environment. This home features too many builder upgrades to list but some include a luxury bath package w/ tile upgrade, luxury flooring, & gourmet kitchen. A large Storage room (80 SF) has been added that contains a storage closet, closet for the soft water system, space for a refrigerator, & granite shelf w/ 3 cabinets above. The beautiful backyard features a California Pool w/ water feature, covered patio, & full landscaping. The large RV garage has an extra tall garage door on both the front & back of the garage. This property won't last long, schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Asante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k350k

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

Neighborhood: Asante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9431581

* 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,084
Property Tax -$359
Property Insurance -$72
HOA -$75
Property Management Fees -$99
CASH FLOW
-$289

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$600,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,000

INVESTMENT

$161,000

Down Payment
$150,000
Rehab Estimate
$2,000
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,403

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,4003$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 16947 W Alameda Road Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 17248 W Molly Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2020
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 24202 N 170th Lane Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2020
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 24289 N 169th Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 2020
    LEASED 02/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 24248 N 170th Avenue Surprise, AZ 5
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2020
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Brock S Embree
Trelora Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202892
Last Updated: 03/05/2021
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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