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17611 W Pershing Street Surprise, AZ 85388

3 Beds 2 Baths 2,255 sqft Built 2006

$375,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $166.30
  • 3 Days on Market
  • MLS # : 6193212
  • Updated Date : 02/12/2021 at 00:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,255 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Conveniently located near the 303, this 1-level home sits on a spacious corner lot w/a huge side yard - perfect for all your toys. 3 bdrms plus a bonus room - think den, playroom, craft room. Fresh & clean w/new carpet and luxury vinyl plank flooring. High ceilings & a garage deep enough for a full sized truck. Corian counters in the kitchen, all appliances stay including the washer & dryer. Triple zoned a/c w/two units. Owner suite w/door to the large covered, extended patio w/a view of the south mountains. Located near Luke AFB, this neighborhood has 3 parks w/walking trails. Pride of ownership shows here - perfect move in condition!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9791673

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,303
Property Tax -$261
Property Insurance -$71
HOA -$70
Property Management Fees -$99
CASH FLOW
-$233

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.

$375,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5703$1,5954$1,8355$1,895
$1,895
RENT COMPS ANALYSIS
  • 17611 W Pershing Street Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.70
    •  
  • 17571 W Eugene Terrace Surprise, AZ 1
    • 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
    •  
  • 17560 W Voltaire Street Surprise, AZ 3
    • 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
    •  
  • 17547 W Ventura Street Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.76
    •  
  • 17544 W Hearn Road Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Gina Ogle
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193212
Last Updated: 02/12/2021
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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