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17657 N 113th Avenue Surprise, AZ 85378

3 Beds 3 Baths 2,441 sqft Built 1999

$355,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $145.43
  • 4 Days on Market
  • MLS # : 6192821
  • Updated Date : 03/11/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,441 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Beautifully maintained 3 bdrm, 2.5 bath home in Gated Community w/PEORIA Schools! Open floorplan w/Living & Dining Room that flows into Eat-In Kitchen & Great Room. All Bedrooms Upstairs w/Split Master & Separate Sitting Room/Office easily converted to 4th Bedroom. Open backyard w/NO neighbors, EZ Care Synthetic Grass, Custom Pavers & B/I Fire Pit! Upgrades include Two Variable Speed TRANE AC's (2016/2017), Dual Pane Windows & Shade Screens, Tile in Living Areas, Carpet in Bedrooms, Brushed Nickel Hardware & Faucets t/o, Fans/Light Fixtures t/o, S.S Energy Star Appliances, Surround Sound & B/I Garage Cabinets. Location is close to Shopping & Entertainment at ''4 Corners'' - Happy Valley / Lake Pleasant Pkwy, Arrowhead & P-83. Listing ACTIVE on 03/11/202 (Upgrades Sheet in Docs Tab)

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PRICE & RENT TRENDS

Neighborhood: Canyon Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $94k271k

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

Neighborhood: Canyon Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8951567

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,233
Property Tax -$212
Property Insurance -$75
HOA -$68
Property Management Fees -$99
CASH FLOW
-$127

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.

$355,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6953$1,6954$1,8995$2,000
$2,000
RENT COMPS ANALYSIS
  • 17657 N 113th Avenue Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.64
    •  
  • 11415 W Foxfire Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2019
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 11135 W Ashley Chantil Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 11472 W Eden Mckenzie Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2005
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.79
    •  
  • 11441 W Westgate Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2018
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
PROPERTY LISTING DETAILS
Lisa L Hoffman
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192821
Last Updated: 03/11/2021
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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