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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $188.32
- 4 Days on Market
- MLS # : 6186693
- Updated Date : 01/30/2021 at 00:27
CONSTRUCTION
- Beds : 2
- Floor Size : 1,301 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Very charming and well maintained 2- bedroom, 2-bath home available in highly sought after Sun Village. You will love living in this amazing active adult golf community with superb amenities including a pool and spa, clubhouse, workout facility, tennis, and so much more. The home has an Arizona room with large closet. This fully tiled space can be anything from an office to a craft room and everything in between. Just use your imagination! Garage has built-in cabinets for storage. Nice, south facing back yard with covered patio. One of the best things is the HVAC unit has been located away from the house to keep it quiet! Very convenient location near the golf club and just minutes from Surprise Community Park and Surprise Towne Center. See it and make it yours today!
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PRICE & RENT TRENDS
Neighborhood: Zuni Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Zuni Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$163 | |
| Property Insurance | -$53 | |
| HOA | -$271 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$77
|
||
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.
$245,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
3.25
YEARS SAVED
$6,507
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,451
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
14521 W Zuni Trail Surprise, AZ 2
- 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,360
- $1.05
-
17201 N Larkspur Lane Surprise, AZ 1
- 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1997
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,250
- $1.15
-
17919 N Reno Avenue Surprise, AZ 3
- 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,400
- $1.18
-
17811 N 136th Court Sun City West, AZ 4
- 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1986
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,425
- $1.03
-
14637 W Bison Path Surprise, AZ 5
- 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991
LEASED 01/16/21- Rent
- Rent Per SQFT
- $1,650
- $1.10
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186693
Last Updated: 01/30/2021
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.
