Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18053 W Banff Lane Surprise, AZ 85388

4 Beds 2 Baths 2,706 sqft Built 2004

$435,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $160.75
  • 2 Days on Market
  • MLS # : 6192654
  • Updated Date : 02/14/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,706 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Amazing 4 Bedroom, 2 bath home in a beautiful neighborhood. LARGE lot, luxury finishes AND a fenced Shasta pool with waterfall feature. The backyard is a RETREAT! Extended patio, built-in-fireplace and BBQ. This is the perfect backyard for ENTERTAINING! As you approach the home you will notice the mature landscaping, the paved sitting area by the front door is perfect for morning coffee and the sun setting off the White Tanks. Enter into the Formal living / Formal Dining, custom flooring throughout, high ceilings, plantation shutters. Very open floorplan. Master suite is split from the other bedrooms giving you perfect privacy. Master has double sinks, separate garden tub and a walk-in closet. 8ft gate, 3 car garage w/epoxy, cabinets, sink, extended length. Must see!!

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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,511
Property Tax -$302
Property Insurance -$80
HOA -$20
Property Management Fees -$99
CASH FLOW
-$72

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.

$435,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k$15k

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,8953$1,9404$1,9505$2,095
$2,095
RENT COMPS ANALYSIS
  • 18053 W Banff Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,706 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,706 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.72
    •  
  • 18010 W Acapulco Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2005
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.66
    •  
  • 15157 N 174th Drive Surprise, AZ 2
    • 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
  • 18012 W Caribbean Lane Surprise, AZ 4
    • 5 beds 3 baths ∙ 2,893 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,893 Sqft ∙ Built 2005
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 18041 W Caribbean Lane Surprise, AZ 5
    • 5 beds 4 baths ∙ 2,874 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,874 Sqft ∙ Built 2005
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.73
    •  
PROPERTY LISTING DETAILS
Dana Vandeman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192654
Last Updated: 02/14/2021
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.

BESbswy