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18434 W Foothill Drive Surprise, AZ 85387

3 Beds 3 Baths 1,886 sqft Built 2020

INVESTimate

$410,000

List Price

$1,640

$1,476 - $1,804

Rent Est.

$422,423  ( +3.03%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $217.39
  • 5 Days on Market
  • MLS # : 6121316
  • Updated Date : 08/25/2020 at 09:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,886 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This one is better than new. Move in NOW-Popular Rincon model with 3 bedrooms plus a den. Hard to find home with SUPERGARAGE extended to 47' w/ 14' doors, 16' ceiling, 10'x10' rear garage door, extra cement slab, RV clean out and extra electrical circuits. Also a tandem 3 car garage with 4' ext and 8' foot garage doors. Garage is insulated and air-conditioned. Talk about a man cave. House has just as many upgrades with upgraded cabinets, countertops, wood grain tile, pendant lighting, 8ft doors, 2-tone paint. Every room has honeycomb darkening blinds. Drive and walkways have pavers. Backyard is already landscaped with artificial turf, extended pavers, covered patio and irrigation system and a 8ft double gate. Over $86,000 in upgrades. Built Feb 2020 and only lived in for 8weeks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellamy

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k276k

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

Neighborhood: Bellamy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7991567

* 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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,513
Property Tax -$245
Property Insurance -$64
HOA -$62
Property Management Fees -$99
CASH FLOW
-$343

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.03%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,650

INVESTMENT

$110,650

Down Payment
$102,500
Rehab Estimate
$2,000
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,064

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,655

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,6504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 18434 W Foothill Drive Surprise, 1
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18490 W Louise Drive Surprise, 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.80
    •  
  • 18450 W Louise Drive Surprise, 3
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 18440 W Ida Lane Surprise, 4
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 17918 W Via Del Sol -- Surprise, 5
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jami L Tadda
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121316
Last Updated: 08/25/2020
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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