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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $210.71
- 2 Days on Market
- MLS # : 6184992
- Updated Date : 01/23/2021 at 18:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,988 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Your new home is waiting for you! Come and see it now in Surprise with mountain views! This lavish 3 bed, 2 bath residence boasts charming curb appeal with desert landscaping, a 3 car tandem garage, huge extended kitchen island, surround sound speakers, upgraded insulation, newer AC and so much more! The interior features a large open floor plan with a cozy fireplace, neutral paint throughout, and a fabulous kitchen that could make any chef jealous, with its ample cabinetry, granite countertops, stainless steel appliances such as a wall oven, pendant lighting, and island with breakfast bar. Inside the grandiose master bedroom, you will find mountain views, a spacious walk-in closet, and a private bath with a dual vanities. This home has it all!
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PRICE & RENT TRENDS
Zip Code: 85388
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85388
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,455 |
| Property Tax | -$251 | |
| Property Insurance | -$66 | |
| HOA | -$87 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$188
|
||
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.
$418,900
PROJECTED PRICE
$1,770
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$116,759
LOAN DETAILS
$1,455
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,725 |
| Loan Amount | $314,175 |
3.25
YEARS SAVED
$10,999
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,635
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
11108 N 190th Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,770
- $0.89
-
18271 W Sunnyslope Lane Waddell, AZ 1
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2012
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
19006 W Shangri La Road Surprise, AZ 3
- 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2019
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,775
- $0.83
-
18651 W Cinnabar Avenue Waddell, AZ 4
- 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2014
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
10929 N 188th Drive Surprise, AZ 5
- 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2019
LEASED 04/05/20- Rent
- Rent Per SQFT
- $1,799
- $0.81
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184992
Last Updated: 01/23/2021
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.
