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24090 N 165th Drive Surprise, AZ 85387

5 Beds 3 Baths 2,565 sqft Built 2017

$435,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $169.59
  • 7 Days on Market
  • MLS # : 6197602
  • Updated Date : 02/28/2021 at 00:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,565 sqft
  • Baths : 3 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Move-In ready 5 bedroom, 3 bath, 3 car garage home. You'll love the light & bright great room with surround sound speakers, 55'' LG wall mounted TV and ceiling fan. The eat-in kitchen features a side-by-side refrigerator, gas range, microwave, dishwasher, large island, walk-in pantry, granite counters & more! The Master Suite is prewired for a ceiling fan & speakers, has a walk-in closet & private bath with 2 sinks and a tub sized shower! Walk-in closets in 4 of 5 bedrooms, 5th bedroom has full wall closet. Enjoy the yard with a covered patio, pre-wired for speakers, & easy care desert landscaping!EXTRAS INCLUDE: Handles on all cabinets & drawers, security system, security front door, water softener, sink in garage, BBQ stub in back yard, east care wood look tile through out the home.

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PRICE & RENT TRENDS

Neighborhood: Asante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k350k

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

Neighborhood: Asante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9431581

* 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,511
Property Tax -$269
Property Insurance -$77
HOA -$75
Property Management Fees -$99
CASH FLOW
-$161

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.

$435,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
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$1.2M$1.4M

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,372

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
  • $1,924

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,995
$1,995
RENT COMPS ANALYSIS
  • 24090 N 165th Drive Surprise, AZ 1
    • 5 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23965 N 166th Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Susan B Salamone
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197602
Last Updated: 02/28/2021
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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