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17010 W Manchester Drive Surprise, AZ 85374

3 Beds 2 Baths 1,723 sqft Built 2005

$285,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $165.41
  • 2 Days on Market
  • MLS # : 6190833
  • Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,723 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Conveniently located minutes from I303. N/S facing home with perfect size yard for a private pool. Quaint front porch leads into living/dining with C/F. Continue to open kit & Family room featuring gas stove, plenty of counter, generous pantry and a Center island. Tiled family room w/C/F & slider to covered patio. Master retreat with plenty of light with 3 windows & french door leading to covered patio. Includes Private bath w/double sinks, separate tub/shower and water closet leads to a generous Walk-in Closet. Two additional bedrooms both with C/F, a nice size hall bath and conveniently located laundry. Great quiet area yet close to shopping. Next to walking path leading to parks. Great home for a great price.

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$990
Property Tax -$198
Property Insurance -$61
HOA -$68
Property Management Fees -$99
CASH FLOW
$44

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.

$285,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.51%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4603$1,5354$1,6255$1,649
$1,649
RENT COMPS ANALYSIS
  • 17010 W Manchester Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.85
    •  
  • 17505 N 167th Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1999
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 17048 W Southampton Road Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.91
    •  
  • 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
    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
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.98
    •  
PROPERTY LISTING DETAILS
Anne Schwichtenberg
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190833
Last Updated: 02/13/2021
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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