Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17163 N 185th Drive Surprise, AZ 85374

4 Beds 3 Baths 2,211 sqft Built 2008

$309,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $140.16
  • 4 Days on Market
  • MLS # : 6189694
  • Updated Date : 02/06/2021 at 22:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Wonderful 4-bedroom, 2.5 bath, corner lot home, with a pool, across from the neighborhood park, in Bell Pointe!!! Immaculately cared for with recent updates, including a new air conditioning system. Perfect location just off Bell Road, with easy 303 access and plenty of dining, shopping and activities close-by. Upgraded wood kitchen cabinetry- not your boring, basic white and greys. Lots of builder options in this young home, built in 2008. All appliances stay, including washer and dryer. Relaxing, easy-to-maintain rear yard with Pebbletech pool. The owner keeps this home pristine and regular maintenance items are done, including a recent pool filter change, and new garage door opener. This one is ready for an easy transition to a lucky new owner with nothing to do but move-in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Traditions

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k284k

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

Neighborhood: Arizona Traditions

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9491791

* 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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,076
Property Tax -$185
Property Insurance -$70
HOA -$69
Property Management Fees -$99
CASH FLOW
$70

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.

$309,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,6254$1,6605$1,695
$1,695
RENT COMPS ANALYSIS
  • 17163 N 185th Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.71
    •  
  • 18394 W Dawn Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 18538 W Legend Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2007
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.73
    •  
  • 18338 W Stinson Drive Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.74
    •  
  • 18448 W Surprise Farms Loop N Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
PROPERTY LISTING DETAILS
Steve J. Lugo, Jr.
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189694
Last Updated: 02/06/2021
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.

BESbswy