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17048 W Central Street Surprise, AZ 85388

4 Beds 3 Baths 2,426 sqft Built 2003

$344,995

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $142.21
  • 4 Days on Market
  • MLS # : 6192653
  • Updated Date : 02/11/2021 at 21:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,426 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Incredible opportunity to own this beautiful home available in desirable Surprise Farms. Room to spread out with over 2400 sq ft of living space, 4 bedrooms, 2.5 bathrooms, and a flowing open floorplan enhanced with high ceilings, and tile in all the right places. Stylish kitchen boasts stainless steel appliances, white cabinetry and breakfast bar seating. Upstairs you will find a large loft, full possibilities. Lovely master includes private en suite with dual sinks. Amazing outdoor entertaining area is complete with covered patio, artificial grass and a sparkling pool. It's the perfect spot to enjoy Arizona outdoors. Do not miss out on this gem. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9631981

* 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
 

$310,496$379,495$344,995

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,198
Property Tax -$240
Property Insurance -$74
HOA -$70
Property Management Fees -$99
CASH FLOW
$38

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$344,995

PROJECTED PRICE

$1,720

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$97,174

INVESTMENT

$97,174

Down Payment
$86,249
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,249
Loan Amount $258,746
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,335

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
  • $1,716

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6754$1,7705$1,895
$1,895
RENT COMPS ANALYSIS
  • 17048 W Central Street Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15905 N 169th Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.66
    •  
  • 16903 W Marconi Avenue Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2005
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.69
    •  
  • 17236 W Marshall Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2004
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.74
    •  
  • 16834 W Central Street Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2003
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
PROPERTY LISTING DETAILS
Rosio Robison
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192653
Last Updated: 02/11/2021
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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