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17178 W Straight Arrow Lane Surprise, AZ 85387

3 Beds 3 Baths 2,605 sqft Built 2018

$375,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $143.95
  • 2 Days on Market
  • MLS # : 6174579
  • Updated Date : 12/26/2020 at 08:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,605 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sun Cactus Realty, Llc

Listing Agent's Description

B E A U T I F U L move in ready home with upgrades galore. This floor plan features a room downstairs that is currently a den and also a large loft upstairs. The model can easily be converted into a 4 or 5 bedroom home. The kitchen has gourmet built in appliances and a custom subway tile backsplash with beautiful 48'' upper cabinets featuring bronze pulls. The interior has wood plank tile and upgraded berber carpet with black accent doors, custom light fixtures and ceiling fans for a stylish finish. This home has the optional under staircase storage, deep linen closets and a nook in the garage for all your storage needs. All bedrooms have walk in closets! The backyard features an optional extended covered patio and a HUGE LOT with a 12 foot rear privacy wall and no 2 story homes looking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9721567

* 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
Desert Oasis Elementary School Primary Regular 456 22 5
Desert Oasis Elementary School Middle Regular 456 22 5

Desert Oasis Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating

Desert Oasis Elementary School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,384
Property Tax -$196
Property Insurance -$78
HOA -$78
Property Management Fees -$99
CASH FLOW
-$25

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.

$375,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,943

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
  • $1,719

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$2,000
$2,000
RENT COMPS ANALYSIS
  • 17178 W Straight Arrow Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27234 N 175th Drive Surprise, AZ 2
    • 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.63
    •  
  • 26023 N Sandstone Way Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
PROPERTY LISTING DETAILS
Susan Nicolson
Sun Cactus Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174579
Last Updated: 12/26/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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