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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $119.20
- 2 Days on Market
- MLS # : 6206910
- Updated Date : 03/13/2021 at 14:52
CONSTRUCTION
- Beds : 5
- Floor Size : 3,817 sqft
- Baths : 4 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful floor plan featuring 5 bedroom 4 bathroom at a great location in Surprise. Stunning interior features an enchanting entryway with gorgeous tile inlay, pristine wood-like laminate flooring and plantation shutters throughout the entire home. Flowing floor plan includes formal living and dining rooms and a spacious family room with a gas fireplace. Gourmet kitchen boasts stylish Red Dragon granite countertops and backsplash, pot filler faucet, stainless steel appliances, island, plenty of cherry cabinetry and walk-in pantry. Connection behind stove available if you prefer cooking with gas. Downstairs bedroom and full bathroom provides a very dynamic utilization option to fit your family needs. A gorgeous curved staircase brings you to a Huge loft upstairs
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PRICE & RENT TRENDS
Neighborhood: Litchfield Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Litchfield Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,390 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$279 | |
| Property Insurance | -$102 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$314
|
||
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.
$455,000
PROJECTED PRICE
$2,390
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.2% |
| 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
$126,325
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
9.25
YEARS SAVED
$58,397
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
-
$2,748
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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13580 W Watson Lane Surprise, AZ 1
- 5 beds 4 baths ∙ 3,817 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,817 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
14829 W Pershing Street Surprise, AZ 2
- 5 beds 5 baths ∙ 3,505 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,505 Sqft ∙ Built 2015
LEASED 05/30/20- Rent
- Rent Per SQFT
- $2,500
- $0.71
-
14403 W Mandalay Lane Surprise, AZ 3
- 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2005
LEASED 12/29/20- Rent
- Rent Per SQFT
- $2,555
- $0.73
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206910
Last Updated: 03/13/2021
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.
