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18073 W Post Drive Surprise, AZ 85388

4 Beds 3 Baths 2,437 sqft Built 2013

$364,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $149.36
  • 4 Days on Market
  • MLS # : 6189031
  • Updated Date : 02/05/2021 at 23:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This turn key 4 bedroom, 3 bathroom home boasts pride of ownership. Spacious open floor plan. Stunning kitchen with island, granite counter tops, and plenty of cabinet space. Newer indoor and outdoor paint. Shutters throughout the home. Large backyard with covered patio. Easy access to 303 freeway, schools, parks and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Surprise Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9631981

* 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
 

$327,600$400,400$364,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,264
Property Tax -$253
Property Insurance -$75
HOA -$20
Property Management Fees -$99
CASH FLOW
-$1

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.

$364,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,210

INVESTMENT

$102,210

Down Payment
$91,000
Rehab Estimate
$5,750
Closing Costs
$5,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,000
Loan Amount $273,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$19,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,688

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6103$1,6654$1,6955$1,710
$1,710
RENT COMPS ANALYSIS
  • 18073 W Post Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.70
    •  
  • 17678 W Bridger Street Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,255 Sqft ∙ Built 2005
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
  • 18089 W Westpark Boulevard Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2006
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.70
    •  
  • 18292 W Elm Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.65
    •  
  • 18448 W Surprise Farms Loop N Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
PROPERTY LISTING DETAILS
Kristina Mccraw
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189031
Last Updated: 02/05/2021
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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