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18440 W Robin Lane Surprise, AZ 85387

3 Beds 3 Baths 1,884 sqft Built 2019

$419,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $222.88
  • 4 Days on Market
  • MLS # : 6194808
  • Updated Date : 02/19/2021 at 15:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 2 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

Highly desired single story Rincon floor plan is move-in ready & still under warranty. Ample garage space with this hard-to-find RV GARAGE (12' door height, 14'1'' tall ceiling, 40' long x 14'6'' wide) and RV Gate in addition to the 3-car tandem garage with 8ft tall, insulated garage door. This 3 bedroom plus Office/Den, 2.5 baths, has over $65K in upgrades. Upgrades include: Plantation shutters, sunscreens, completely landscaped backyard, 4 1/4'' baseboards, mudroom, upgraded hardware/fixtures throughout, two toned interior paint, 36'' upper cabinets, Security Front door, ceiling fans throughout, prewired surround sound and more. Home only 10 months old and meticulously cared for. Schedule your showing today.

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
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
 

$377,910$461,890$419,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,458
Property Tax -$251
Property Insurance -$64
HOA -$62
Property Management Fees -$99
CASH FLOW
-$295

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$419,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6403$1,6504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 18440 W Robin Lane Surprise, AZ 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.87
    •  
  • 18490 W Louise Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.80
    •  
  • 18450 W Louise Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 18440 W Ida Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 17918 W Via Del Sol -- Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rachelle Mcgee
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194808
Last Updated: 02/19/2021
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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