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18347 W Maui Lane Surprise, AZ 85388

5 Beds 4 Baths 3,644 sqft Built 2005

$499,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $136.94
  • 2 Days on Market
  • MLS # : 6160634
  • Updated Date : 11/14/2020 at 12:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,644 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

There is NOTHING like this home on the market!! Beautiful 5 bed, 4 bath 3644 sq ft BEAUTY with HEATED POOL and SPA, 3 car garage, and a VIEW LOT that borders a common green space! The Formal Living room features SOARING Ceilings plus a gorgeous Formal Dining Room and Kitchen with NEW Quartz Counters, a Center Island, Elegant cabinets, Stainless Appliances, New Lighting, New Kraus Kitchen Sink, Bay Window PERFECT for Entertaining Guest as it's OPEN to a Gorgeous Great Room! ONE Bedroom and a FULL full bath is downstairs- perfect Home office!

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,841
Property Tax -$347
Property Insurance -$98
HOA -$20
Property Management Fees -$99
CASH FLOW
-$355

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.

$499,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.41%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $2,150

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0504$2,0955$2,195
$2,195
RENT COMPS ANALYSIS
  • 18347 W Maui Lane Surprise, AZ 3
    • 5 beds 4 baths ∙ 3,644 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,644 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.56
    •  
  • 17355 W Young Street Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2005
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.56
    •  
  • 15621 N 182nd Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.60
    •  
  • 17766 N Bell Pointe Boulevard Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.56
    •  
  • 17622 W Statler Drive Surprise, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Sheila Touhey
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160634
Last Updated: 11/14/2020
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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