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18035 W Udall Drive Surprise, AZ 85374

2 Beds 2 Baths 1,441 sqft Built 1998

$285,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $197.78
  • 4 Days on Market
  • MLS # : 6211242
  • Updated Date : 03/26/2021 at 19:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,441 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Surprise AZ Gated & Guarded golf course resort style adult community. Move in ready 2 bedroom 2 bathroom plus office, All furniture available TURN KEY. Great curb appeal lush landscape, veneer stone front accents & front patio. Open office/den to your living dining area, great room with built in entertainment center open to kitchen with center island/breakfast bar, updated appliances, white cabinets and breakfast area. Owners' suite has 2 closets 1 walk-in, double sink vanity, walk in shower with bench. Spacious guest bedroom & bathroom. 2 car garage with built in cabinets, private block fenced back yard with extended covered patio.

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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

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

$256,500$313,500$285,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$990
Property Tax -$198
Property Insurance -$55
HOA -$168
Property Management Fees -$99
CASH FLOW
-$80

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.

$285,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.50%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,4003$1,4304$1,5005$1,700
$1,700
RENT COMPS ANALYSIS
  • 18035 W Udall Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,441 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,441 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.99
    •  
  • 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
    •  
  • 18047 W Buena Vista Drive Surprise, AZ 2
    • 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 Hickcox Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 17628 W Lotten Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2001
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sharon Mason
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211242
Last Updated: 03/26/2021
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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