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17169 W Statler Street Surprise, AZ 85388

3 Beds 3 Baths 1,948 sqft Built 2007

$337,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $173.46
  • 5 Days on Market
  • MLS # : 6181444
  • Updated Date : 01/20/2021 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,948 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous well maintained, upgraded Trend home in a highly desirable location! Great curb appeal with newer exterior paint, front porch stone elevation, & corner lot. Family room has wood laminate flooring, extra can lighting & gas fireplace. Kitchen features white cabinets, granite counters, stainless appliances w/gas range & R/O drinking water system. Stairs, upstairs hallway & loft also have the wood flooring. 3 more bdr's + a den & secondary bath upstairs. Master has unique round entry architecture, double vanities, walk in shower & large walk in closet. Backyard is fully landscaped w/extended concrete patio, concrete walkway & lush mature landscaping. More upgrades include air ducts recently cleaned, A/C svc contract & whole house water softener. A must see home!

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
Canyon Ridge Elementary School Primary Regular 1,001 45 9
Canyon Ridge Elementary School Middle Regular 1,001 45 9
Willow Canyon High School High Regular 2,084 83 3

Canyon Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 45
9
GreatSchools Rating

Canyon Ridge Elementary School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 45
9
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$304,110$371,690$337,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,174
Property Tax -$235
Property Insurance -$65
HOA -$72
Property Management Fees -$99
CASH FLOW
-$235

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.

$337,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,294

INVESTMENT

$95,294

Down Payment
$84,475
Rehab Estimate
$5,750
Closing Costs
$5,069

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,174

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,475
Loan Amount $253,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4103$1,4754$1,5755$1,575
$1,575
RENT COMPS ANALYSIS
  • 17169 W Statler Street Surprise, AZ 2
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.72
    •  
  • 15425 N 172nd Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2003
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.74
    •  
  • 17134 W Ironwood Street Surprise, AZ 3
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.76
    •  
  • 17452 W Caribbean Lane Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
  • 15923 N 174th Avenue Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2004
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.79
    •  
PROPERTY LISTING DETAILS
Amy Barnett
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181444
Last Updated: 01/20/2021
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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