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16972 W Stevenage Street Surprise, AZ 85374

4 Beds 3 Baths 1,818 sqft Built 2004

$325,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $178.77
  • 3 Days on Market
  • MLS # : 6205118
  • Updated Date : 03/12/2021 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,818 sqft
  • Baths : 3 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Nicely appointed 4 Bedroom 3 Bath plus Den home in Bell West Ranch ~ 4 Ton TRANE AC Condenser Unit & Coil, New July 2019 ~ Kitchen has an Abundance of Cabinets, Breakfast Bar/Island, Gas Cook-top Range, Double Ovens & Custom Pantry ~ Open Floor plan w/Tile Flooring T/O except Carpeted Bedrooms ~ Two Master Suites, w/Private Baths ~ Master Bedroom has a Separate Entrance to Patio and Separate Shower & Tub in Bathroom ~ Indoor Laundry w/Cabinets, Washer & Dryer ~ Ceiling Fans T/O ~ Security Screen Doors ~ Nicely Landscaped Front & Back ~ A Private Backyard w/Covered Patio, Storage Shed & Paved Sidewalk to Front ~ The 2 Car Garage w/Built-in Cabinets, Utility Sink, Garage Door Opener, Ext. Service Door w/Security Door to Backyard ~ And More... Buyer to Verify All Facts, Fees, Schools, Etc

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,129
Property Tax -$226
Property Insurance -$63
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.

$325,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$21,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6204$1,6255$1,649
$1,649
RENT COMPS ANALYSIS
  • 16972 W Stevenage Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.89
    •  
  • 16960 W Lundberg Street Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 17041 W Tonbridge Street Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2004
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 17017 W Manchester Drive Surprise, AZ 4
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.97
    •  
  • 17056 W Southampton Road Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.98
    •  
PROPERTY LISTING DETAILS
Terry Dewitte
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205118
Last Updated: 03/12/2021
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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