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17751 W Crocus Drive Surprise, AZ 85388

3 Beds 3 Baths 3,318 sqft Built 2003

$409,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $123.27
  • 2 Days on Market
  • MLS # : 6165620
  • Updated Date : 11/28/2020 at 14:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,318 sqft
  • Baths : 2 full , 1 half
Listing Agent

Diligence Realty

Listing Agent's Description

Formal Model Home in coveted Sierra Montana Community built by top builder Ryland Homes. Original owner, well maintained home with the most popular floor plan in community and features the added, MASSIVE 21 X 20 Bonus room above the garage, not listed in County Records. Huge open floorplan with super large Great Room, open kitchen with large dining area, huge double door pantry, breakfast bar and tons of cabinets, Stainless Appliance package, and 42'' upper cabinets, GET READY TO entertain.....after Covid! Formal Living and Dining plus Den/Office and half bath downstairs. Upstairs Gigantic Owner Suite with 2 closets, separate tub and shower. Two additional bedroom, full bath and a loft plus massive Bonus Game Room. Outside, built in BBQ, Large Patio, Grass & mature landscape, 3 car Garag

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9311981

* 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
Sunset Hills Elementary School Primary Regular 1,214 55 6
Sunset Hills Elementary School Middle Regular 1,214 55 6
Shadow Ridge High School High Regular 1,735 77 4

Sunset Hills Elementary School

  • Education Level: Primary
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Sunset Hills Elementary School

  • Education Level: Middle
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,509
Property Tax -$284
Property Insurance -$92
HOA -$20
Property Management Fees -$99
CASH FLOW
-$264

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.

$409,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,616

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
  • $1,999

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8754$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 17751 W Crocus Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 3,318 Sqft ∙ Built 2003 3 beds 3 baths ∙ 3,318 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17998 W Banff Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 2004
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.60
    •  
  • 17832 W Voltaire Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2008
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.60
    •  
  • 17537 W Marshall Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 15621 N 182nd Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.60
    •  
PROPERTY LISTING DETAILS
David Rogers
Diligence Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165620
Last Updated: 11/28/2020
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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