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17790 W Carmen Drive Surprise, AZ 85388

4 Beds 3 Baths 2,820 sqft Built 2005

$424,777

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $150.63
  • 4 Days on Market
  • MLS # : 6196092
  • Updated Date : 02/19/2021 at 20:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,820 sqft
  • Baths : 3 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

''99 Palms''-Upgraded desert oasis with 3 CAR GARAGE on an oversized lot showcases GRANITE COUNTERTOPS & ISLAND, STAINLESS STEEL APPLIANCES with GAS STOVE, DOUBLE OVENS, breakfast bar & lots of upgraded cabinets. PLANTATION SHUTTERS, fireplace, 18'' diagonal lay tile and hardwood floors. 4 bedrooms plus DEN & LOFT, 3 full bathrooms & balcony with MOUNTAIN VIEWS. Sparkling pebbletech POOL & SPA with 2 WATERFALLS, removable pool fence, & lush tropical landscaping with lots of palm trees & Meyer lemon tree. Giant flagstone covered patio with BBQ island, gas fire-pit, landscape lighting & artificial grass perfect for the kids & dogs. Huge master suite & bathroom with custom snail shower, garden tub, & dual sinks. Very generous sized bedrooms. Fresh exterior paint. Close to parks & splash pad.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9631981

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$382,299$467,255$424,777

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,475
Property Tax -$295
Property Insurance -$82
HOA -$7
Property Management Fees -$99
CASH FLOW
-$249

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.

$424,777

PROJECTED PRICE

$1,710

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$118,316

INVESTMENT

$118,316

Down Payment
$106,194
Rehab Estimate
$5,750
Closing Costs
$6,372

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,194
Loan Amount $318,583
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7953$1,8954$1,9455$1,950
$1,950
RENT COMPS ANALYSIS
  • 17790 W Carmen Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.61
    •  
  • 18393 W Tasha Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2009
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.63
    •  
  • 15157 N 174th Drive Surprise, AZ 3
    • 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
  • 18026 W Desert Lane Surprise, AZ 4
    • 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
    •  
  • 18012 W Caribbean Lane Surprise, AZ 5
    • 5 beds 3 baths ∙ 2,893 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,893 Sqft ∙ Built 2005
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
PROPERTY LISTING DETAILS
Logan Glenn Hall
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196092
Last Updated: 02/19/2021
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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