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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $185.00
- 4 Days on Market
- MLS # : 6168449
- Updated Date : 12/11/2020 at 13:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,627 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Come check out this super cute, newly updated home sweet home in Surprise.All new flooring, remodeled bathrooms and kitchen, close enough to walk to all major shopping! Solar heated play pool which has also been recently updated, makes for a backyard paradise or entertainers dream all year! Great, friendly neighborhood in an active friendly city with tons of family activities including great spring training facilities and home of the Kansas City Royals Spring training stadium.
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PRICE & RENT TRENDS
Neighborhood: Kaufman Broad at West Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kaufman Broad 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 | $1,520 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$184 | |
| Property Insurance | -$59 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$49
|
||
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.
$300,990
PROJECTED PRICE
$1,520
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.2% |
| 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
$85,512
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,248 |
| Loan Amount | $225,743 |
6.5
YEARS SAVED
$27,250
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,509
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
13627 W Fargo Drive Surprise, AZ 4
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $0.93
-
13412 W Ocotillo Lane Surprise, AZ 1
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1999
![property image]()
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,350
- $0.87
-
15753 N 138th Avenue Surprise, AZ 2
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,420
- $0.87
-
13496 W Canyon Creek Drive Surprise, AZ 3
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1999
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,495
- $0.97
-
13544 W Canyon Creek Drive Surprise, AZ 5
- 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1998
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168449
Last Updated: 12/11/2020
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.
