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17218 W Saguaro Lane Surprise, AZ 85388

3 Beds 2 Baths 1,506 sqft Built 2004

$265,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $175.96
  • 2 Days on Market
  • MLS # : 6170578
  • Updated Date : 12/12/2020 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Pacwest Properties, Inc

Listing Agent's Description

Beautiful move-in ready Surprise Farms home! This 3 bedroom/2 bath, north/south facing home features two-tone paint throughout, with 18'' tile in all the right places. north facing patio. No neighbors directly behind the property. Turn-key home ready to go.

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$978
Property Tax -$184
Property Insurance -$57
HOA -$72
Property Management Fees -$99
CASH FLOW
-$30

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.

$265,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.51%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,468

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
  • $1,239

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3254$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 17218 W Saguaro Lane Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14956 N 174th Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2006
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.82
    •  
  • 16648 N 172nd Avenue Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2005
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 15400 N 168th Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 16814 W Carmen Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
PROPERTY LISTING DETAILS
W D Rocky Banovac
Pacwest Properties, Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170578
Last Updated: 12/12/2020
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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