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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $159.07
- 6 Days on Market
- MLS # : 6141601
- Updated Date : 11/20/2020 at 13:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,571 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Must see this charming 4 bedroom home in Surprise that is nestled into the desirable Citrus Point neighborhood! Close to nearby parks and just minutes from P83 dining and Arrowhead shopping and quick and convenient access to the freeway. This home offers a light and bright interior featuring vaulted ceilings, tile and laminate flooring and an a great open floor plan. The bedrooms are spacious and the master suite features dual sinks and walk in closet. The backyard is perfectly sized for easy maintenance and still plenty of room for kids and pets to run around in! Great home for a young family! Don't wait, schedule your private showing today!
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PRICE & RENT TRENDS
Neighborhood: Citrus Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Citrus Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$172 | |
| Property Insurance | -$58 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$35
|
||
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.
$249,900
PROJECTED PRICE
$1,270
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.58
YEARS SAVED
$13,847
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,355
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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11342 W Campana Drive Surprise, AZ 1
- 4 beds 4 baths ∙ 1,571 Sqft ∙ Built 2001 4 beds 4 baths ∙ 1,571 Sqft ∙ Built 2001
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- Rent
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- $0
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17590 N 114th Lane Surprise, AZ 2
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,399
- $0.81
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17861 N 114th Lane Surprise, AZ 3
- 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019
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LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
17885 N 114th Lane Surprise, AZ 4
- 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2019
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
17873 N 114th Lane Surprise, AZ 5
- 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2019
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6141601
Last Updated: 11/20/2020
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.
