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17841 W Voltaire Street Surprise, AZ 85388

3 Beds 2 Baths 2,261 sqft Built 2008

$365,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $161.43
  • 2 Days on Market
  • MLS # : 6206936
  • Updated Date : 03/13/2021 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,261 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT! Open and spacious 3 bedroom, 2 bath home! NEW interior paint! NEW carpeting. Kitchen features large island, dark appliances, walk-in pantry, gas stove, and tons of cabinet and counter-top space. Master suite has double French doors, high vaulted ceilings with private exit to the patio, double sinks, separate tub and shower, walk-in closet, private toilet room. Low maintenance landscaping in front and back with a large artificial grass play area, covered patio and added stone pavers for decorative walk way.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9791673

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,268
Property Tax -$254
Property Insurance -$71
HOA -$64
Property Management Fees -$99
CASH FLOW
-$246

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.

$365,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5493$1,5954$1,7455$1,895
$1,895
RENT COMPS ANALYSIS
  • 17841 W Voltaire Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.67
    •  
  • 17571 W Eugene Terrace Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.72
    •  
  • 17560 W Voltaire Street Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 17623 W Watson Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.72
    •  
  • 17544 W Hearn Road Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206936
Last Updated: 03/13/2021
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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