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18438 W Young Street Surprise, AZ 85388

3 Beds 2 Baths 1,795 sqft Built 2012

$329,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $183.79
  • 2 Days on Market
  • MLS # : 6187932
  • Updated Date : 01/30/2021 at 21:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming 3 bed, 2 bath home. Cute Rotunda foyer! Gorgeous wood floors throughout. Soft color palette. Formal dining. Open floor plan. The eat-in kitchen has custom cabinets, granite-look countertops, large island with breakfast bar, black appliances, and a walk-in pantry. Large primary bedroom has a walk-in closet, full bath with a sliding barn door entry, double vanity, stall shower, walk-in tub and a walk-in closet. sizable secondary bedrooms. One bedroom has a Murphy bed system. Interior laundry. The backyard has a covered patio, and plenty of rom to add your personal touches. Close to schools, Dog Park, shopping. and the 303. Make this your new home today!

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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

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

$296,910$362,890$329,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,146
Property Tax -$229
Property Insurance -$62
HOA -$65
Property Management Fees -$99
CASH FLOW
-$181

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.

$329,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,785

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
  • $1,427

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3493$1,3504$1,3955$1,500
$1,500
RENT COMPS ANALYSIS
  • 18438 W Young Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18554 W Udall Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2007
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.80
    •  
  • 18136 W Ivy Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2012
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 17279 N 184th Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2005
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 18539 W Sunbelt Drive Surprise, AZ 5
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 2006
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Daniel Popescu
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187932
Last Updated: 01/30/2021
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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