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17801 W Arizona Drive Surprise, AZ 85374

2 Beds 2 Baths 1,129 sqft Built 1997

$239,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $211.69
  • 6 Days on Market
  • MLS # : 6153607
  • Updated Date : 10/30/2020 at 13:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,129 sqft
  • Baths : 1 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

THIS IS A SPECIAL EXPANDED ORANGEWOOD WITH THE FOLLOWINGL EXPANDED UTILITY,FRONT PORCH,FULL TILE LESS BEDROOMS,SOUTH BACKYARD W/AUTO WATER,DESERT LANDSCAPE, FULL EXT'D COVERED PATIO W/SUN SCREENS,TWO BEDRROOM,CABINETS IN GARAGE,. SNOW BIRD HOME, WALL CABINETS FAMILY ROOM, 1-3/4 BATHS, GREAT SMALLER HOME WITH PERFECT ORIENTATION HOME IS VACANT AND READY TO SHOW.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Traditions

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k284k

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

Neighborhood: Arizona Traditions

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9491791

* 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
Western Peaks Elementary School Primary Regular 1,093 50 5
Western Peaks Elementary School Middle Regular 1,093 50 5
Willow Canyon High School High Regular 2,084 83 3

Western Peaks Elementary School

  • Education Level: Primary
  • # of students: 1,093
  • # of teachers: 50
5
GreatSchools Rating

Western Peaks Elementary School

  • Education Level: Middle
  • # of students: 1,093
  • # of teachers: 50
5
GreatSchools Rating

Willow Canyon High School

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

$215,100$262,900$239,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$882
Property Tax -$166
Property Insurance -$49
HOA -$160
Property Management Fees -$99
CASH FLOW
-$66

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.

$239,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$9,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,315

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2903$1,3004$1,4005$1,800
$1,800
RENT COMPS ANALYSIS
  • 17801 W Arizona Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,129 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,129 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.14
    •  
  • 18916 N Alameda Drive Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 2002
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.12
    •  
  • 16683 W Paradise Lane Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,062 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,062 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.22
    •  
  • 18047 W Buena Vista Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 2004
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 18067 W Ewers Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,367 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,367 Sqft ∙ Built 1998
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.32
    •  
PROPERTY LISTING DETAILS
Jack E Towers
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153607
Last Updated: 10/30/2020
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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