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17021 W Bradford Way Surprise, AZ 85374

6 Beds 3 Baths 3,009 sqft Built 2005

$375,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $124.63
  • 6 Days on Market
  • MLS # : 6161471
  • Updated Date : 11/18/2020 at 12:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,009 sqft
  • Baths : 3 full
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

Gorgeous 2 story Surprise home in desirable Bell West Ranch. 6 bedrooms, 3 baths plus an office with POOL! Impressive formal living/dining area with soaring ceilings. Separate open concept family room features a built-in Custom Media Wall, Hunter Douglas Silhouettes & Ceiling Speakers. Kitchen will delight any chef with gas cooking, ss appliances, stylish staggered Cherry cabinets with Crown and Bottom Rail Molding and lighting underneath, a pantry, and a center island. Neutral paint tones and low maintenance tile flooring in all of the right places. The outdoor space is a desert oasis complete with palm trees, citrus trees, a covered patio and a sparkling Pebble-Sheen Pool w/kool-decked areas. This gem has it all!

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
 

$337,500$412,500$375,000

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 -$1,384
Property Tax -$261
Property Insurance -$86
HOA -$65
Property Management Fees -$99
CASH FLOW
-$184

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.

$375,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,8004$1,8755$2,050
$2,050
RENT COMPS ANALYSIS
  • 17021 W Bradford Way Surprise, AZ 1
    • 6 beds 3 baths ∙ 3,009 Sqft ∙ Built 2005 6 beds 3 baths ∙ 3,009 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17923 N 168th Lane Surprise, AZ 2
    • 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2004
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.59
    •  
  • 17552 N 170th Lane Surprise, AZ 3
    • 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
  • 15739 N 172nd Lane Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
    property image
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.59
    •  
  • 15715 N 172nd Lane Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
PROPERTY LISTING DETAILS
Michelle Mojica
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161471
Last Updated: 11/18/2020
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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