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17932 N Bridle Lane Surprise, AZ 85374

3 Beds 2 Baths 2,282 sqft Built 1998

$519,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $227.43
  • 94 Days on Market
  • MLS # : 6144377
  • Updated Date : 01/07/2021 at 21:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,282 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Welcome to resort style living in age restricted Sun City Grand. Located on the Granite Falls South golf course, cart path on the opposite side. Views from every window. Beautifully updated with diagonal tile floors, granite countertops, custom paint and new windows. Huge patio with brick pavers. Amazing sunsets and great views of the White Tank mountains.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Desert Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Neighborhood: Sun City Grand-Desert Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791747

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$467,100$570,900$519,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,803
Property Tax -$361
Property Insurance -$72
HOA -$11
Property Management Fees -$99
CASH FLOW
-$745

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.

$519,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,803

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$60

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,6004$1,6455$1,695
$1,695
RENT COMPS ANALYSIS
  • 17932 N Bridle Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 17064 W Ipswitch Way Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
  • 16394 W Cottonwood Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2002
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 16852 W Tasha Drive Surprise, AZ 4
    • 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2003
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.73
    •  
  • 17955 N 168th Lane Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
PROPERTY LISTING DETAILS
Carole Hewitt
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6144377
Last Updated: 01/07/2021
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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