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17611 N Thoroughbred Drive Surprise, AZ 85374

2 Beds 2 Baths 1,414 sqft Built 2000

$318,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $224.89
  • 8 Days on Market
  • MLS # : 6160892
  • Updated Date : 11/16/2020 at 09:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,414 sqft
  • Baths : 2 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

Welcome to this beautiful 2 BR, 1.75 bath move-in ready Acacia with stacked stone exterior located in the active adult golf community of Sun City Grand. Foyer brings you into the great room with neutral tile, paint, and plantation shutters throughout. Large kitchen w/granite countertops, gas stove, a new Bosch dishwasher in 2020, & new microwave in 2019 has open sight-line into great room and dining area for entertaining. Master bedroom is spacious and en suite bath has been updated with new lighting and faucets. The backyard is low maintenance, private and spacious with with covered patio and built-in BBQ for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Quail Run

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k361k

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

Neighborhood: Sun City Grand Quail Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791978

* 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
 

$286,200$349,800$318,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,173
Property Tax -$221
Property Insurance -$55
HOA -$11
Property Management Fees -$99
CASH FLOW
-$29

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.

$318,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,020

INVESTMENT

$90,020

Down Payment
$79,500
Rehab Estimate
$5,750
Closing Costs
$4,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,500
Loan Amount $238,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4504$1,5305$2,000
$2,000
RENT COMPS ANALYSIS
  • 17611 N Thoroughbred Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.08
    •  
  • 15370 W Jill Lane Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 17720 N Havasupai Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.24
    •  
  • 15907 W Sunstone Lane Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 14637 W Bison Path Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Eileen Sixbey
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160892
Last Updated: 11/16/2020
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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