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17775 W Crocus Drive Surprise, AZ 85388

5 Beds 3 Baths 3,318 sqft Built 2005

$435,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $131.10
  • 2 Days on Market
  • MLS # : 6157758
  • Updated Date : 11/07/2020 at 17:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,318 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexgen Real Estate

Listing Agent's Description

***WOW*** This FABULOUS Home is just AWAITING YOU!!! 5 Bedrooms 2.5 Bathroom in over 3300 SF with a PRIVATE Pool, The lay out is AMAZING separate formal dining and Family kitchen, CHEF''S Delight Kitchen with Quartz Counter Tops and a LARGE Built in Fridge, Upstairs there's a LARGE GAME room ready to entertaining, the property comes with some HIGH end upgrades and the location is EXCELLENT! Come check this one out before its TOO Late! Thanks for showing!!

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
 

$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 -$1,605
Property Tax -$302
Property Insurance -$92
HOA -$20
Property Management Fees -$99
CASH FLOW
-$188

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,007

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
  • $2,041

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8754$1,9955$2,195
$2,195
RENT COMPS ANALYSIS
  • 17775 W Crocus Drive Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
    • 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
    •  
  • 15621 N 182nd Lane Surprise, AZ 4
    • 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
    •  
  • 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
Juan Carlos Acosta
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157758
Last Updated: 11/07/2020
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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