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18521 W Maui Lane Surprise, AZ 85388

5 Beds 3 Baths 3,666 sqft Built 2005

$500,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $136.39
  • 4 Days on Market
  • MLS # : 6195588
  • Updated Date : 02/20/2021 at 02:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,666 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous home located on a corner lot backing to an expansive greenbelt with only one neighbor and the most AMAZING VIEWS! Kitchen features stainless appliances with dual oven gas range, walk in pantry, huge island, and granite countertops. Family room features gas fireplace with stone surround. Master bath features tile walk-in shower with glass block wall and all three bathrooms feature granite countertops. Master bedroom features a balcony with gorgeous mountain views. First floor features beautiful tile flooring with inlaid wood in the formal dining room and upstairs features wood flooring in the loft, hallway, and one bedroom. Backyard features an extended patio with custom shades, sparkling pool, turf, and raised brick paver platform, custom lighting, and mature vegetation.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9311981

* 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,737
Property Tax -$348
Property Insurance -$99
HOA -$20
Property Management Fees -$99
CASH FLOW
-$112

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.

$500,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$18,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,438

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,1953$2,1954$2,3955$2,895
$2,895
RENT COMPS ANALYSIS
  • 18521 W Maui Lane Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,666 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,666 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.60
    •  
  • 17622 W Statler Drive Surprise, AZ 2
    • 5 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,435 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.64
    •  
  • 17827 W Hearn Road Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.66
    •  
  • 18449 W Westfall Way Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.64
    •  
  • 18480 W Port Royale Lane Surprise, AZ 5
    • 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2006
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.72
    •  
PROPERTY LISTING DETAILS
Christie Giannetto
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195588
Last Updated: 02/20/2021
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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