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17404 W Statler Street Surprise, AZ 85388

4 Beds 2 Baths 2,065 sqft Built 2004

$385,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $186.44
  • 4 Days on Market
  • MLS # : 6194694
  • Updated Date : 02/21/2021 at 03:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,065 sqft
  • Baths : 2 full
Listing Agent

M.a.z. Realty Professionals

Listing Agent's Description

This lovely single level Canterra home has been meticulously maintained. Features: 4 bedrooms,2 bathrooms, greeted w/ vaulted ceilings, custom paint colors, open floor plan, upgraded lighting and ceiling fans throughout home, tile in all the right places , beautiful & spacious kitchen with lots of cabinet & countertop space, granite counter tops, large island, LG stainless steel appliances, split large master bedroom, master bathroom has dual sinks, separate shower & tub and nice size closet. Secondary bedrooms are good size. Outside you have a full length covered, grass area, large pool with water feature, pool remodeled 2016 & new pool equip in 2018, RV gate & lot of room for storage, oversized lot, all single levels surrounds home. This is a one of a kind!

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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,337
Property Tax -$268
Property Insurance -$67
HOA -$72
Property Management Fees -$99
CASH FLOW
-$333

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.

$385,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.39%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,482

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5104$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 17404 W Statler Street Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.73
    •  
  • 16422 N 171st Lane Surprise, AZ 1
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 17626 W Ironwood Street Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 15927 N 175th Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2005
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 17609 W Young Street Surprise, AZ 5
    • 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
PROPERTY LISTING DETAILS
Sheli Stoddart
M.a.z. Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194694
Last Updated: 02/21/2021
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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