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17837 W Port Royale Lane Surprise, AZ 85388

5 Beds 3 Baths 2,495 sqft Built 2003

$368,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $147.49
  • 3 Days on Market
  • MLS # : 6178238
  • Updated Date : 01/08/2021 at 14:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,495 sqft
  • Baths : 2 full , 1 half
Listing Agent

Valley Wide Resource Realty Llc

Listing Agent's Description

Tenant Rights Apply.. This is a 5 bedroom, 2.5 bath with a loft, two-story home in Sierra Montana. Carpet and tile throughout. Kitchen island with extra cabinet space and a wine cooler. Desert landscaped front yard with a pebble tec pool and rock water feature in the back. Great for Arizona summers. The tandem or 3 car garage with a work shop includes a large bench with upper and lower cabinets for extra storage. Walking distance to to the school and shopping. Close to thr 303 freeway.

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
 

$331,200$404,800$368,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,278
Property Tax -$256
Property Insurance -$76
HOA -$20
Property Management Fees -$99
CASH FLOW
$231

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.

$368,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,270

INVESTMENT

$103,270

Down Payment
$92,000
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,278

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,000
Loan Amount $276,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$42,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,9503$1,9504$1,9605$1,995
$1,995
RENT COMPS ANALYSIS
  • 17837 W Port Royale Lane Surprise, AZ 4
    • 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.79
    •  
  • 18089 W Westpark Boulevard Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2006
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.70
    •  
  • 17758 W Acapulco Lane Surprise, AZ 2
    • 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2004
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 17616 W Caribbean Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 17764 W Acapulco Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
PROPERTY LISTING DETAILS
Frank Vasquez
Valley Wide Resource Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178238
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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