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27057 N 176th Drive Surprise, AZ 85387

3 Beds 3 Baths 2,115 sqft Built 2008

$295,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $139.48
  • 3 Days on Market
  • MLS # : 6162456
  • Updated Date : 11/27/2020 at 12:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,115 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

You will love this beautiful 2 story home located in the heart of the Desert Oasis community in Surprise. This 3-bedroom 2.5-bathroom home has a loft and 2 garage spaces. With ample cabinetry, this spacious kitchen has a center island with seating that overlooks the family room. A masterplanned community including a community pool, playground and biking path. Low maintenance landscaping, with fresh interior paint, no neighbors behind.

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,088
Property Tax -$154
Property Insurance -$68
HOA -$82
Property Management Fees -$99
CASH FLOW
$118

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.

$295,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.55%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$33,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6103$1,7954$1,950
$1,950
RENT COMPS ANALYSIS
  • 27057 N 176th Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.76
    •  
  • 16705 W Tether Trail Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2019
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 17248 W Molly Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2020
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 17502 W Buckhorn Trail Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2016
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
PROPERTY LISTING DETAILS
Deann L Hasquet
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162456
Last Updated: 11/27/2020
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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