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26947 N 176th Drive Surprise, AZ 85387

4 Beds 3 Baths 2,401 sqft Built 2007

$310,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $129.11
  • 4 Days on Market
  • MLS # : 6172360
  • Updated Date : 12/17/2020 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Why wait for a new build when you can own this 2-story extremely well taken care of 4br, 2.75 bath + loft beauty in the heart of Desert Oasis NOW! Upon your arrival, the cozy private covered front porch & warm exterior tones will confirm that this is the one you have been looking for. As you enter through the front door, beautiful tile greets & leads you through your spacious formal area to the back of the home where your kitchen & family room areas are located. Fantastic counter space, & an abundance of cabinets, black appliances & recessed lighting grace your kitchen area with the fridge staying. The tile continues through your family room area complete with built-in surround sound speakers. Off your family room you will find a private bedroom with a 3/4 bath downstairs - great for

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9721567

* 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
Desert Oasis Elementary School Primary Regular 456 22 5
Desert Oasis Elementary School Middle Regular 456 22 5

Desert Oasis Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating

Desert Oasis Elementary School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,144
Property Tax -$162
Property Insurance -$74
HOA -$82
Property Management Fees -$99
CASH FLOW
-$1

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.

$310,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$22,104

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
  • $1,633

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,7254$1,750
$1,750
RENT COMPS ANALYSIS
  • 26947 N 176th Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16474 W Remuda Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2006
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.69
    •  
  • 27234 N 175th Drive Surprise, AZ 3
    • 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.63
    •  
  • 27352 N 175th Drive Surprise, AZ 4
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2016
    property image
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
PROPERTY LISTING DETAILS
Catherine Gibson
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172360
Last Updated: 12/17/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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