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17617 N 113th Avenue 
Surprise, AZ
85378
3 Beds 2 Baths 1,722 sqft
Built 1999
INVESTimate
$289,000
List Price
$82,335
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $167.83
- 2 Days on Market
- MLS # : 6122509
- Updated Date : 08/25/2020 at 18:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,722 sqft
- Baths : 2 full
Listing Agent
Dpr Realty Llc
Listing Agent's Description
** YOU FOUND IT!! ** MOVE-IN READY,SINGLE-LEVEL, 3 BEDROOM + DEN -- SITUATED IN A GATED COMMUNITY, WITH NO NEIGHBOR TO THE REAR OF THE LOT ** You will Love Coming Home to this Wonderful Property, which has been Lovingly Cared For & Upgraded ** Updated Eat-In Kitchen features Granite Counter Tops, Beautiful KraftMaid Cabinetry, Pantry, R/O System & Complete Appliance Package (including the Refrigerator) ** The Den/Office has a Natural Place for a Closet & can Easily Convert to a 4th Bedroom (if Desired) ** In Addition to the 2-Car Garage, there is a 15 x 30 (approx.) Covered Carport on the Side of the Property, behind the Extra-Wide Gate (the parking area is approx. 2.5 feet below grade, which makes a great place to hide a boat or other 'toys') ** Click ''More'' for Additional Amenities **
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PRICE & RENT TRENDS
Neighborhood: Canyon Ridge West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Ridge West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$173 | |
| Property Insurance | -$61 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$17
|
||
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.
$289,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.53% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
5.33
YEARS SAVED
$19,111
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
-
$1,459
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
17617 N 113th Avenue Surprise, 1
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17590 N 114th Lane Surprise, 2
- 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,399
- $0.81
-
17861 N 114th Lane Surprise, 3
- 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
17638 N 114th Lane Surprise, 4
- 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2008
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,500
- $0.81
-
17873 N 114th Lane Surprise, 5
- 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2019
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122509
Last Updated: 08/25/2020
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.
