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18398 W Tasha Drive Surprise, AZ 85388

3 Beds 2 Baths 2,245 sqft Built 2012

$339,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $151.00
  • 6 Days on Market
  • MLS # : 6158435
  • Updated Date : 11/13/2020 at 20:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,245 sqft
  • Baths : 2 full
Listing Agent

Cozland Corporation

Listing Agent's Description

Show & sell, won't last long! Amazing 3 bedroom plus den, 2 bath home in highly desirable neighborhood in Surprise Farms! Owner has taken pride in this home featuring spacious kitchen w/ granite counters, upgraded cabinets, huge island, stainless appliances. Useful upgrade which extended the granite & cabinet space into dinning rm. Custom plantation shutters & baseboards. Backyard features huge covered patio. Drip & timer for front & backyard. Two custom storage sheds on side area. Yard is ready for a pool or whatever your heart desires. Master bed features large walk-in closet. Additional 2 bedrooms are sized well w/ full bathroom. Den could be 4th bedroom. Commercial grade built-n-cabinets in the garage along with epoxy floor. Perfect home for a family that wants a useful floor plan!

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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,251
Property Tax -$236
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
-$161

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.

$339,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.46%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,594

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4953$1,5604$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 18398 W Tasha Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,245 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,245 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.69
    •  
  • 17090 N 185th Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2007
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.69
    •  
  • 18087 W Paradise Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2006
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 18538 W Legend Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2007
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.73
    •  
  • 18448 W Surprise Farms Loop N Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
PROPERTY LISTING DETAILS
Marcie Bishop
Cozland Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158435
Last Updated: 11/13/2020
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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