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17062 W Saguaro Lane Surprise, AZ 85388

4 Beds 3 Baths 2,220 sqft Built 2005

$349,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $157.61
  • 2 Days on Market
  • MLS # : 6187746
  • Updated Date : 01/31/2021 at 04:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,220 sqft
  • Baths : 2 full , 1 half
Listing Agent

Award Realty

Listing Agent's Description

COME VIEW THIS GORGEOUS HOME LOCATED IN THE SURPRISE FARMS COMMUNITY. THIS FOUR BEDROOM, THREE BATHROOM PROPERTY FEATURES A NICE OPEN FLOOR PLAN. ENTER INTO YOUR BEAUTIFUL KITCHEN WITH STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS, CENTER ISLAND AND STYLISH KITCHEN CABINETS. THIS HOME HAS LOTS OF STORAGE WITH THREE OF THE FOUR LARGE BEDROOMS FEATURING WALK-IN CLOSETS. RELAX IN YOUR BACKYARD OASIS WITH YOUR OWN PRIVATE RESORT STYLE POOL WITH COLOR CHANGING LIGHTS FOR A CAPTIVATING NIGHT LIGHT SHOW. PROPERTY ALSO FEATURES INSIDE/OUTSIDE SURROUND SOUND AND A 3 CAR GARAGE. YOU WON'T WANT TO MISS OUT ON THIS ONE! CALL AND MAKE YOUR VIEWING APPOINTMENT TODAY!

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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
 

$314,910$384,890$349,900

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 -$1,215
Property Tax -$243
Property Insurance -$70
HOA -$44
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.

$349,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.49%

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$22,000

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7103$1,7704$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 17062 W Saguaro Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.77
    •  
  • 15864 N 172nd Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
  • 17236 W Marshall Lane Surprise, AZ 3
    • 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
    •  
  • 15143 N 172nd Drive Surprise, AZ 4
    • 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 2003
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.80
    •  
  • 17217 W Caribbean Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jennifer Ross
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187746
Last Updated: 01/31/2021
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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