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17039 W Ipswitch Way 
Surprise, AZ
85374
4 Beds 3 Baths 2,873 sqft
Built 2005
INVESTimate
$314,000
List Price
$88,960
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $109.29
- 2 Days on Market
- MLS # : 6122126
- Updated Date : 08/25/2020 at 02:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,873 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Welcome home to 2873 S.F. house with 4 bedrooms, 2 full baths upstairs , office and full bath downstairs, 3 car garage. Kitchen has lots of maple cabinets, gas stove, refrigerator, island. Great location , close to hwy 303, park , groceries stores, restaurants.House is occupied by Tenants now on month to month basis , with their intention to stay and extend the lease, so Investors are welcome. House needs paint and TLC.
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PRICE & RENT TRENDS
Neighborhood: Bell West Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bell West Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,159 |
| Property Tax | -$220 | |
| Property Insurance | -$83 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$309
|
||
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.
$314,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.27% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$88,960
LOAN DETAILS
$1,159
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,500 |
| Loan Amount | $235,500 |
10.58
YEARS SAVED
$57,445
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
-
$1,925
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
17039 W Ipswitch Way Surprise, 1
- 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17017 W Limestone Drive Surprise, 2
- 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.66
-
16997 W Bradford Way Surprise, 3
- 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,925
- $0.67
-
17984 N 168th Avenue Surprise, 4
- 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,995
- $0.66
-
17054 W Bradford Way Surprise, 5
- 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
LEASED 10/29/19- Rent
- Rent Per SQFT
- $1,995
- $0.69
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122126
Last Updated: 08/25/2020
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.
