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18202 W Mauna Loa Lane Surprise, AZ 85388

6 Beds 3 Baths 3,299 sqft Built 2006

$440,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $133.37
  • 2 Days on Market
  • MLS # : 6170609
  • Updated Date : 12/11/2020 at 19:49
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,299 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Your new home awaits you! Look no further this spacious single level homes features open floor plan with 6 large bedrooms, 3 baths, formal living room & dinning room and great room off the kitchen for family enteraining. The master suite has a large walk in closet and expansive bathroom with tub & shower. The generous backyard is an open canvas for you to design and create your own oasis. This home is close to the community park, several grocery stores, resturants, medical facitilies, Costco and minutes from downtown Surprise ballpark, municipal court, library & aqua park. Paradise Honors Middle & High School . Less than 5 minutes from the 303 expressway which connect to I-10, & I-17 to get you to and from your destination quickly.

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
Sunset Hills Elementary School Primary Regular 1,214 55 6
Sunset Hills Elementary School Middle Regular 1,214 55 6
Shadow Ridge High School High Regular 1,735 77 4

Sunset Hills Elementary School

  • Education Level: Primary
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Sunset Hills Elementary School

  • Education Level: Middle
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,623
Property Tax -$306
Property Insurance -$91
HOA -$20
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 15% of earned rent to cover both maintenance and periods of vacancy.

$440,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.47%

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,169

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,0604$2,1955$2,195
$2,195
RENT COMPS ANALYSIS
  • 18202 W Mauna Loa Lane Surprise, AZ 3
    • 6 beds 3 baths ∙ 3,299 Sqft ∙ Built 2006 6 beds 3 baths ∙ 3,299 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.62
    •  
  • 17660 W Marconi Avenue Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,009 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,009 Sqft ∙ Built 2005
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
  • 15715 N 172nd Lane Surprise, AZ 2
    • 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
  • 17622 W Statler Drive Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.64
    •  
  • 17827 W Hearn Road Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.66
    •  
PROPERTY LISTING DETAILS
Patricia Whorton
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170609
Last Updated: 12/11/2020
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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