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17436 N Thornberry Drive Surprise, AZ 85374

2 Beds 2 Baths 1,198 sqft Built 2001

$265,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $221.20
  • 4 Days on Market
  • MLS # : 6189445
  • Updated Date : 02/07/2021 at 04:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,198 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Move-in ready home located in the beautiful, resort-style community of Arizona Traditions! This 2 bedroom, 2 bath gem has sun-shade blinds on all windows, title & carpet flooring, stainless-steel appliances in kitchen, vaulted ceilings, private backyard, and more! Come see this one for yourself.SELLERS WILL BE REVIEWING HIGHEST AND BEST OFFERS ON SATURDAY NIGHT (02/06/2021) AT 6PM MST.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Traditions

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k284k

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

Neighborhood: Arizona Traditions

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9491791

* 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
 

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

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$920
Property Tax -$175
Property Insurance -$51
HOA -$160
Property Management Fees -$99
CASH FLOW
$55

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.

$265,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,468

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2753$1,3004$1,4505$1,460
$1,460
RENT COMPS ANALYSIS
  • 17436 N Thornberry Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,198 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,198 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.22
    •  
  • 17200 W Bell Road #1484 Surprise, AZ 1
    • 2 beds 2 baths ∙ 904 Sqft ∙ Built 1999 2 beds 2 baths ∙ 904 Sqft ∙ Built 1999
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.27
    •  
  • 18916 N Alameda Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 2002
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.12
    •  
  • 16683 W Paradise Lane Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,062 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,062 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.22
    •  
  • 19727 N Wasson Peak Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.29
    •  
PROPERTY LISTING DETAILS
Colleen Beguin
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189445
Last Updated: 02/07/2021
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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