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

18228 W Ida Lane Surprise, AZ 85387

3 Beds 2 Baths 1,895 sqft Built 2018

$325,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $171.50
  • 5 Days on Market
  • MLS # : 6155782
  • Updated Date : 11/04/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Don't miss out on this gorgeous 3 Bedroom 2 Bath home with a den; it has everything you would want with exceptional upgrades and features, including a 10' double gate for RV Parking and upgraded 8' tall garage, Inside is like a model showcasing 9' ceilings and an open concept split floor plan that features a stunning chef's kitchen with quartz countertops, upgraded stainless steel appliances, and large pantry, Master Bath has a walk-in shower and linen closet, double sinks are included in all bathrooms, Backyard includes a covered patio, this gem is located in the beautiful community of North Copper Canyon which has parks, walking trails, tennis and basketball courts, and a community pool. This desirable floor plan will not last long!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85387

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Zip Code: 85387

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,199
Property Tax -$194
Property Insurance -$64
HOA -$62
Property Management Fees -$99
CASH FLOW
-$29

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.

$325,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$19,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5903$1,6504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 18228 W Ida Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.84
    •  
  • 18490 W Louise Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.80
    •  
  • 18450 W Louise Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 18440 W Ida Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 17918 W Via Del Sol -- Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Dominic Meardi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155782
Last Updated: 11/04/2020
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.

BESbswy