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17621 N Kimberly Way Surprise, AZ 85374

3 Beds 2 Baths 1,821 sqft Built 1997

$279,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $153.71
  • 2 Days on Market
  • MLS # : 6173148
  • Updated Date : 12/19/2020 at 10:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,821 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT! Open and spacious 3 bedroom, 2 bath home with Leased Solar Panels! Open concept Family room, dining room and Kitchen! New Granite countertops. NEW carpet, NEW paint throughout. Master bathroom features dual sinks, separate tub/shower, private toilet, and walk-in closet. Turf front and back. Covered patio with ceiling fans. Don't miss this one!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8921567

* 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
 

$251,910$307,890$279,900

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 -$1,033
Property Tax -$168
Property Insurance -$63
HOA -$14
Property Management Fees -$99
CASH FLOW
$154

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.

$279,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.0%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$37,575

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
  • $0.84

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4633$1,5304$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 17621 N Kimberly Way Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.84
    •  
  • 14930 W Evening Star Trail Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1998
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 14911 W Rampart Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,463
    • $0.86
    •  
  • 14716 W Lamoille Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 17507 N Kimberly Way Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173148
Last Updated: 12/19/2020
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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