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17551 W Evans Drive Surprise, AZ 85388

3 Beds 2 Baths 2,103 sqft Built 2004

$399,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $190.16
  • 3 Days on Market
  • MLS # : 6190038
  • Updated Date : 02/06/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,103 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Stunning 3bed/2bath Surprise home available in Sierra Montana. Great curb appeal leads you into the spacious open concept floor plan with tile flooring and soaring vaulted ceilings. Stylish kitchen would delight any chef with stainless steel appliances, granite counter tops, a plethora of handsome dark cabinetry, center island and breakfast bar seating. Perfect for gathering with friends and family. Master retreat with french doors to patio, includes private en suite. The amazing outdoor entertaining area is complete with extended length covered patio and sparkling pool/spa for a true backyard oasis! Adjacent to walking trail / green space for more privacy and only 1 story homes around. Extended Garage -4 FT! Solar system is excellent with VERY low electric bills! Don't miss this one!

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,389
Property Tax -$278
Property Insurance -$68
HOA -$20
Property Management Fees -$99
CASH FLOW
-$304

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.

$399,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.39%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,707

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
  • $1,593

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5493$1,5754$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 17551 W Evans Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17571 W Eugene Terrace Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.72
    •  
  • 17452 W Caribbean Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
  • 17560 W Voltaire Street Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 17440 W Caribbean Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190038
Last Updated: 02/06/2021
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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