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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $209.62
- 2 Days on Market
- MLS # : 6173203
- Updated Date : 12/19/2020 at 13:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,860 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
OPEN HOUSE SUNDAY 12/20 - 11 to 5!! Tastefully Remodeled Home in the desirable Community of West Point. Dramatic soaring ceilings, new fresh welcoming palette, new ceiling fans, & handsome new wood ''look'' tile floors throughout. Formal living/dining room w/updated lighting. Stunning new eat-in kitchen features new pendant lighting, custom concrete/shattered glass counters w/glass tile backsplash, new SS appliances, breakfast bar, pantry, & plethora of new white cabinetry w/stylish hardware. French door to patio from breakfast area & spacious family room for entertaining. Remodeled baths w/designer tile, fixtures, mirrors, & painted vanities. Gorgeous bamboo wood flooring on 2nd level, generous size bedrooms, ample closets, & interior laundry room. New desert plants and covered patio.
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PRICE & RENT TRENDS
Neighborhood: Dave Brown at West Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dave Brown at West Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$239 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$230
|
||
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.
$389,900
PROJECTED PRICE
$1,610
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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
$109,074
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
2.92
YEARS SAVED
$10,500
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 -
$0.87
LIST RENT PER SQFT
-
$1,460
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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13444 W Ocotillo Lane Surprise, AZ 4
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13311 W Desert Rock Drive Surprise, AZ 1
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999
LEASED 05/26/20- Rent
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- $1,300
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13363 W Acapulco Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,475
- $0.78
-
13344 W Acapulco Lane Surprise, AZ 3
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2000
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.79
-
13601 W Ironwood Street Surprise, AZ 5
- 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 1999
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.83
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173203
Last Updated: 12/19/2020
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.
