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17448 W Evans Drive Surprise, AZ 85388

4 Beds 3 Baths 2,401 sqft Built 2004

$390,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $162.81
  • 3 Days on Market
  • MLS # : 6196705
  • Updated Date : 02/19/2021 at 20:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zillow Homes Inc

Listing Agent's Description

Photos Coming Soon. An impressive move-in-ready 4 bedroom, 2.5 bathroom home with a den, is available in Surprise, AZ. Deep coffee-toned cabinets reside in the well-proportioned eat-in kitchen along with a large island, breakfast bar, and pantry. A chic tray ceiling with recessed modern lighting perches over the clean-lined spacious living room. Easily-maintained light flooring grace the roomy den, and lofty sunlit dining room. Retreat to the impressive sun-soaked primary bedroom with a fully functional en suite bathroom, roomy walk-in closet, double sink, and custom-built vanity. Unwind by the private pool and spa located in the landscaped backyard. Multiple golf courses are within a 10-mile radius, Sun City Grand is 11-minutes away, and beautiful mountain views are in abundance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9311981

* 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$351,810$429,990$390,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,358
Property Tax -$272
Property Insurance -$74
HOA -$20
Property Management Fees -$99
CASH FLOW
$18

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.

$390,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,339

INVESTMENT

$109,339

Down Payment
$97,725
Rehab Estimate
$5,750
Closing Costs
$5,864

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,725
Loan Amount $293,175
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8353$1,8404$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 17448 W Evans Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.77
    •  
  • 17623 W Watson Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.72
    •  
  • 17547 W Ventura Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.76
    •  
  • 17544 W Hearn Road Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 17574 W Hearn Road Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196705
Last Updated: 02/19/2021
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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