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18352 W Young Street Surprise, AZ 85388

4 Beds 4 Baths 2,645 sqft Built 2011

$359,995

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $136.10
  • 2 Days on Market
  • MLS # : 6184807
  • Updated Date : 01/23/2021 at 03:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,645 sqft
  • Baths : 3 full , 1 half
Listing Agent

Propertyaz

Listing Agent's Description

Immaculate 4 Bed. 3.5 Bath + Loft boasts almost 2,700 sq. ft on a fantastic corner lot in desirable Surprise Farms! Mother-in-Law Suite downstairs with it's own full bath. Neutral design palette with two-tone paint throughout, 20'' brick lay tile in all the right places, neutral carpet & plantation shutters throughout! Spacious Great Room that opens to gourmet kitchen with knotty-pine cabinetry, granite countertops, kitchen island/breakfast bar & stainless steel appliances. The Fridge STAYS! Upstairs has a huge loft and additional oversized guest bedrooms. Master Bath with dual executive height vanities, separate shower/tub and large walk-in closet. Perfectly sized backyard with a patch of grass, mature and easy to maintain. Solar Lease to help with those summer electric bills! A MUST SEE

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
Western Peaks Elementary School Primary Regular 1,093 50 5
Western Peaks Elementary School Middle Regular 1,093 50 5
Willow Canyon High School High Regular 2,084 83 3

Western Peaks Elementary School

  • Education Level: Primary
  • # of students: 1,093
  • # of teachers: 50
5
GreatSchools Rating

Western Peaks Elementary School

  • Education Level: Middle
  • # of students: 1,093
  • # of teachers: 50
5
GreatSchools Rating

Willow Canyon High School

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

$323,996$395,995$359,995

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,250
Property Tax -$250
Property Insurance -$79
HOA -$65
Property Management Fees -$99
CASH FLOW
-$53

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.

$359,995

PROJECTED PRICE

$1,690

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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,149

INVESTMENT

$101,149

Down Payment
$89,999
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,999
Loan Amount $269,996
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,6653$1,6904$1,7455$1,795
$1,795
RENT COMPS ANALYSIS
  • 18352 W Young Street Surprise, AZ 3
    • 4 beds 4 baths ∙ 2,645 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,645 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.64
    •  
  • 18562 W Mariposa Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2006
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.62
    •  
  • 18292 W Elm Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.65
    •  
  • 18512 W Douglas Way Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.66
    •  
  • 18393 W Tasha Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2009
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.63
    •  
PROPERTY LISTING DETAILS
Brian Vascassenno
Propertyaz
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184807
Last Updated: 01/23/2021
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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