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17764 W Crocus Drive Surprise, AZ 85388

4 Beds 3 Baths 3,318 sqft Built 2005

$435,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $131.10
  • 3 Days on Market
  • MLS # : 6195264
  • Updated Date : 02/20/2021 at 23:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,318 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Premier Realty Homes & Land, Llc

Listing Agent's Description

*Exceptionally Gorgeous * Upgraded Home* Hurry, come see this beautiful gently lived in Vacation home! Entertainers dream featuring a Pebble Tec Play Pool & Water Feature, Extended Covered Patio, Enormous Loft with room for a pool table AND a movie theater, plus a Bonus Loft. Remarkable Upgrades include Versailles Patterned Travertine Floors throughout the main level and bathrooms, Attractive Granite Kitchen Counter Tops with Hickory Cabinets, Interior Custom Painted, Exterior Paint in 2018. Remodeled backyard in 2019 with additional concrete pad, cool decking, huge firepit, outdoor seating, and low maintenance landscaping. Energy saving Ceiling Fans throughout, 90% Sun Block Screens on every window, and High Efficiency LED Recessed Lighting throughout.

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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,511
Property Tax -$302
Property Insurance -$92
HOA -$20
Property Management Fees -$99
CASH FLOW
-$94

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.

$435,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.44%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$16,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,157

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$1,9453$2,0504$2,0955$2,195
$2,195
RENT COMPS ANALYSIS
  • 17764 W Crocus Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.58
    •  
  • 18026 W Desert Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2007
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.65
    •  
  • 15715 N 172nd Lane Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
  • 17874 W Bloomfield Road Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 2008
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.64
    •  
  • 17827 W Hearn Road Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.66
    •  
PROPERTY LISTING DETAILS
Dana Barnes
Arizona Premier Realty Homes & Land, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195264
Last Updated: 02/20/2021
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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