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17396 N Lonesome Dove Trail Surprise, AZ 85374

3 Beds 3 Baths 1,583 sqft Built 1996

INVESTimate

$285,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$303,839  ( +6.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $180.04
  • 4 Days on Market
  • MLS # : 6121511
  • Updated Date : 08/25/2020 at 12:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,583 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Looking for a well maintained home with GUEST CASITA? This is it! This corner lot home exudes pride of ownership! Popular Monterrey floor plan with separate Casita features plenty of recent updates & upgrades including both AC units replaced (2015), full roof replacement (2018), exterior paint (2019), entire flooring tiled & sealed (2017), kitchen appliances (2015), water heater (2016). Master Bath updated (2016) including CA Closet system in Master Bdrm! More! Large 2 Car Garage and private courtyard entry. Just move right in and enjoy the Sun Village lifestyle with a myriad of amenities including resort style pool, spa, tennis & pickle ball courts, golf, fitness & billiards rooms, woodworking shop & more! This is THE LIFE and this is THE PLACE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kiowa Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k365k

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

Neighborhood: Kiowa Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9791870

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$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$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,052
Property Tax -$198
Property Insurance -$52
HOA -$192
Property Management Fees -$99
CASH FLOW
-$233

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.

$285,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,886

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
  • $1,332

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3453$1,3954$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 17396 N Lonesome Dove Trail Surprise, 1
    • 3 beds 3 baths ∙ 1,287 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,287 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17750 N White Horse Trail Surprise, 2
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1998
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.98
    •  
  • 14133 W Two Guns Trail Surprise, 3
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1999
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 14461 W Marcus Drive Surprise, 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 14398 W Marcus Drive Surprise, 5
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1999
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.13
    •  
PROPERTY LISTING DETAILS
Julie Antunes
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121511
Last Updated: 08/25/2020
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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