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17589 W Statler Drive Surprise, AZ 85388

4 Beds 3 Baths 3,435 sqft Built 2005

$435,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $126.64
  • 4 Days on Market
  • MLS # : 6189872
  • Updated Date : 02/06/2021 at 00:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This very nice home backs up to a park and playground. It has a lot that is private on 3 sides of the home. It has 4 bedrooms with a large bonus room that can be used as a 5th bedroom, 2.5 baths, double sinks and a separate shower and tub in the master bath, large pool with a covered patio, granite countertops and a kitchen island, freshly painted inside the home, and a large 3 car garage.

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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,511
Property Tax -$302
Property Insurance -$94
HOA -$20
Property Management Fees -$99
CASH FLOW
-$46

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.

$435,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.46%

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$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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$2,0953$2,1954$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 17589 W Statler Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.58
    •  
  • 15427 N 169th Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.62
    •  
  • 17622 W Statler Drive Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.64
    •  
  • 17035 W Statler Street Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,484 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,484 Sqft ∙ Built 2004
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.63
    •  
  • 15422 N 169th Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
PROPERTY LISTING DETAILS
Bob Garwood
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189872
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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