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17637 W Carmen Drive Surprise, AZ 85388

4 Beds 3 Baths 3,898 sqft Built 2005

$529,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.71
  • 4 Days on Market
  • MLS # : 6196126
  • Updated Date : 02/19/2021 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,898 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Ever wondered what castle living is like? Check this out...3898 sqft 4 bed (5th bedroom downstairs or office)/2.5 bath, giant bonus room that can be used for pool table room/game room/home theater, etc, beautiful dual entry staircase, 3 car garage, professionally designed backyard that sports a large amount of artistic pavers, ramada, pebble-tec pool with water feature, sunken spa, built in BBQ island, sunken fire pit. This home is super clean and well taken care of. 20'' Tile flooring through out, kitchen granite counter tops with stainless steel appliances including double oven, tray ceilings in dining room, front loader washer and dryer that convey, 2 pantry's, Bose surround sound speakers, plantation shutters, large master bedroom with good sized walk in closet and built in organizers,

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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,837
Property Tax -$368
Property Insurance -$103
HOA -$20
Property Management Fees -$99
CASH FLOW
-$107

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.

$529,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.44%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,712

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
  • $2,586

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,3954$2,895
$2,895
RENT COMPS ANALYSIS
  • 17637 W Carmen Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,898 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,898 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17796 N 183rd Avenue Surprise, AZ 2
    • 5 beds 3 baths ∙ 3,817 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,817 Sqft ∙ Built 2005
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.63
    •  
  • 18449 W Westfall Way Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.64
    •  
  • 18480 W Port Royale Lane Surprise, AZ 4
    • 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2006
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.72
    •  
PROPERTY LISTING DETAILS
Kenneth Mackey
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196126
Last Updated: 02/19/2021
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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