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17851 W Calavar Road Surprise, AZ 85388

4 Beds 2 Baths 1,699 sqft Built 2003

$305,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $179.52
  • 3 Days on Market
  • MLS # : 6187487
  • Updated Date : 01/30/2021 at 17:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Get ready to fall in love with this hard to find home in the beautiful subdivision of Sierra Montana. The current owner has taken pride in their home, and it shows throughout. This spacious 4 bedroom, 2 bathroom home has the owners suite located downstairs and great room concept with soaring ceilings. The upgraded kitchen has beautiful granite countertops and black stainless steel appliances. Upstairs you will find oversized bedrooms and spacious closets. The laundry room is located upstairs as well, which allows for easy laundry duties! The fully landscaped backyard is an entertainers dream with a gorgeous sparkling pool, pergola, brick paved pathways and beautiful mature landscaping. Located near shopping, dining and easy freeway access. You won't want to miss out on the beauty.

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
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,059
Property Tax -$212
Property Insurance -$60
HOA -$20
Property Management Fees -$99
CASH FLOW
-$61

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.

$305,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,346

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3903$1,3954$1,4205$1,495
$1,495
RENT COMPS ANALYSIS
  • 17851 W Calavar Road Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.82
    •  
  • 17521 W Banff Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2005
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.82
    •  
  • 17688 W Langer Lane Surprise, AZ 3
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2006
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 17544 W Voltaire Street Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.77
    •  
  • 17534 W Lisbon Lane Surprise, AZ 5
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ashley Nava
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187487
Last Updated: 01/30/2021
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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