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17760 N 113th Avenue Surprise, AZ 85378

3 Beds 2 Baths 1,934 sqft Built 1999

$359,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $185.63
  • 5 Days on Market
  • MLS # : 6205071
  • Updated Date : 03/11/2021 at 02:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

***AMAZING LOCATION *** This Cozy GEM has all the bells and whistles N GUARRANTEED will fulfill your Buyers needs!! Wood like TILE Floors T/OUT ENTIRE house NO CARPET, GORGEOUS KITCHEN with LARGE ISLAND loaded with pull out drawers GRANITE COUNTER TOPS N SS Appliances, Bathrooms have been UPGRADED to BOWL sinks and DESIGNER Cabinets, WOOD SHUTTERS in EVERY WINDOW, 4 inch BASEBOARDS NEUTRAL PAINT COLOR, LARGE FAMILY ROOM N FORMAL DINING AREA PLUS an INVITING LIVING room, EXTENDED COVER PATIO and LOW Maintenance land scape. GATED Sub for added PRIVACY nestled near all the SHOPPING,GOLF,RESTAURANTS ,Night Life N Freeways. This one is A MUST SEE!! Hurry come on down bring your Clients Thanks for Showing!! *SHOWINGS ONLY ALLOWED 3/10-3/12*

SEE MORE

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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,247
Property Tax -$215
Property Insurance -$65
HOA -$60
Property Management Fees -$99
CASH FLOW
-$286

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.

$359,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.39%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,533

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5004$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 17760 N 113th Avenue Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.72
    •  
  • 17922 N 112th Drive Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 11305 W Eden Mckenzie Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 17638 N 114th Lane Surprise, AZ 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
    •  
  • 11439 W Ashley Chantil Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2005
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
PROPERTY LISTING DETAILS
Juan Carlos Acosta
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205071
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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