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18064 W Louise Drive Surprise, AZ 85387

3 Beds 2 Baths 1,578 sqft Built 2019

$319,999

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $202.79
  • 3 Days on Market
  • MLS # : 6195900
  • Updated Date : 02/20/2021 at 19:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Showings begin Friday 2/19/21. Open House Sat & Sun 11-2 . Original owners. 2 years new, single story, open floor-plan in a highly sought after community with lots of amenities that include a pool, pickle ball, basketball, horseshoe pit, dog park, soccer field, baseball fields, walking paths and more! Additional den can be used as a bedroom and has double doors recently installed. Partial upgraded floors and accent walls this year. All appliances included.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85387

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k341k

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

Zip Code: 85387

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9791663

* 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
 

$287,999$351,999$319,999

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,111
Property Tax -$192
Property Insurance -$58
HOA -$62
Property Management Fees -$99
CASH FLOW
$18

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.

$319,999

PROJECTED PRICE

$1,540

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,531

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5993$1,6004$1,795
$1,795
RENT COMPS ANALYSIS
  • 18064 W Louise Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.98
    •  
  • 18056 W Ida Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2019
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.01
    •  
  • 18443 W Via Del Sol Street Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2017
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 17918 W Via Del Sol -- Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jenny L Malcolm
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195900
Last Updated: 02/20/2021
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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