Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18519 W Foothill Drive Surprise, AZ 85387

4 Beds 3 Baths 3,018 sqft Built 2020

$499,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $165.64
  • 1 Days on Market
  • MLS # : 6263742
  • Updated Date : 07/13/2021 at 16:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,018 sqft
  • Baths : 3 full
Listing Agent

Collins Realty

Listing Agent's Description

Come see this rare opportunity to own a fantastic near new home with all the upgrades as well as a 5 car drive through garage for all the toys and yes an Rv Gate for even more toys. Yes Rvs are allowed behind the gates. This home has it all from wood look tile, granite in kitchen, chef worthy appliances, foam insulation in the walls, and the list goes on. Yes this model has a bedroom and bath downstairs with the master and a gigantic loft upstairs great for a large family that will still have room to grow. In this market this will not last long. You get it all curb appeal and room for toys with 5 car drive through garage and an RV gate that you can actually park an RV behind. Buyer to verify all info,

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85387

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Zip Code: 85387

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,736
Property Tax -$299
Property Insurance -$86
HOA -$62
Property Management Fees -$99
CASH FLOW
-$72

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,474

INVESTMENT

$134,474

Down Payment
$124,975
Rehab Estimate
$2,000
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$21,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,400
$2,400
RENT COMPS ANALYSIS
  • 18519 W Foothill Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.73
    •  
  • 18171 W Via Montoya Drive Surprise, AZ 2
    • 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 2018
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
PROPERTY LISTING DETAILS
Dennis Christopher Collins
Collins Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263742
Last Updated: 07/13/2021
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.

BESbswy