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17222 N Silver Path Surprise, AZ 85374

2 Beds 2 Baths 1,081 sqft Built 1993

INVESTimate

$229,700

List Price

$1,240

$1,116 - $1,364

Rent Est.

$244,791  ( +6.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $212.49
  • 5 Days on Market
  • MLS # : 6121191
  • Updated Date : 08/22/2020 at 16:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,081 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful 2-bed, 1.75-bath Artesia model in the 55+ guarded & gated community of Sun Village. All furnishings included! Nice Saltillo look tile floors throughout the main areas. Vaulted ceilings. Open concept floor plan. Oak kitchen cabinets, stainless steel appliances, breakfast bar & pantry cabinets. Generous sized bedrooms. Extra storage closet between the garage & home. Epoxied garage houses laundry & storage cabinets. Covered patio & desert landscaping out back. Updates include roof (2015), A/C (2015), exterior paint (2019), carpet (2019), refrigerator & stove (2019). Sun Village has so many community amenities you'll have trouble choosing! Easy access to shopping, dining, medical & major freeways. Royals & Rangers spring training just down the street. Come to your happy place!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Zuni Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Zuni Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9081567

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$206,730$252,670$229,700

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$847
Property Tax -$160
Property Insurance -$48
HOA -$271
Property Management Fees -$99
CASH FLOW
-$185

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.

$229,700

PROJECTED PRICE

$1,240

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.57%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,621

INVESTMENT

$66,621

Down Payment
$57,425
Rehab Estimate
$5,750
Closing Costs
$3,446

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$847

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,425
Loan Amount $172,275
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,902

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
  • $1,251

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2253$1,2504$1,4005$1,750
$1,750
RENT COMPS ANALYSIS
  • 17222 N Silver Path Surprise, 1
    • 2 beds 2 baths ∙ 1,081 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,081 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15011 W Eureka Trail Surprise, 2
    • 2 beds 2 baths ∙ 1,145 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,145 Sqft ∙ Built 1998
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.07
    •  
  • 17201 N Larkspur Lane Surprise, 3
    • 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1997
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.15
    •  
  • 17919 N Reno Avenue Surprise, 4
    • 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.18
    •  
  • 13945 W Santee Way Surprise, 5
    • 2 beds 2 baths ∙ 1,427 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,427 Sqft ∙ Built 1994
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.23
    •  
PROPERTY LISTING DETAILS
Barbara Myers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121191
Last Updated: 08/22/2020
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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