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17512 W Kartchner Court Surprise, AZ 85387

3 Beds 2 Baths 1,894 sqft Built 2002

$381,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $201.16
  • 4 Days on Market
  • MLS # : 6159378
  • Updated Date : 11/14/2020 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Richard Real Estate Llc

Listing Agent's Description

Beautiful home in the 55+ community of Sun City Grand. Golf courses, 2 recreation centers, pickleball and tennis facilities, workout facility, dog park, plus many other amenities Grand has to offer. This is Arizona lifestyle at its fullest! Great location inside of cul-de-sac. Plenty of natural light, plantation shutters, split floor plan, new carpet, and lovely front patio. Great floor plan and spacious back patio space for entertaining. Main bedroom has plenty of closet space and attached ensuite.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Carlsbad

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k323k

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

Neighborhood: Sun City Grand Carlsbad

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791725

* 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
 

$342,900$419,100$381,000

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 -$1,406
Property Tax -$228
Property Insurance -$64
HOA -$10
Property Management Fees -$99
CASH FLOW
-$297

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.

$381,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) -0.6%
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-$6.0k-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,715

INVESTMENT

$106,715

Down Payment
$95,250
Rehab Estimate
$5,750
Closing Costs
$5,715

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,406

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,250
Loan Amount $285,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,234

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
  • $1,567

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4004$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 17512 W Kartchner Court Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17020 W Halifax Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 17005 W Tonbridge Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 16930 W Bristol Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 16929 W Bristol Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
PROPERTY LISTING DETAILS
Rachael Richard
Richard Real Estate Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159378
Last Updated: 11/14/2020
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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