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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $131.02
- 2 Days on Market
- MLS # : 6182852
- Updated Date : 02/06/2021 at 18:11
CONSTRUCTION
- Beds : 4
- Floor Size : 3,282 sqft
- Baths : 2 full , 1 half
Listing Agent
Fusco Realty
Listing Agent's Description
Highly sought after Mountain Gate Community. This home has plenty of room for your family and guests. Beautiful plantation shutters throughout. Gorgeous large kitchen with granite counter tops and plenty of space to entertain. Butler pantry, separate dining room, family room and living room. Upstairs has a huge loft with an office niche. Master BR has huge walk through closet, Backyard has a covered patio with a sparkling pool that is waiting for you. Community playground for your kids enjoyment. Conveniently located to shopping, dining, sports arenas, emergency services, freeways, places of worship and much more. Seller will give a $5,000 paint allowance.
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PRICE & RENT TRENDS
Neighborhood: Mountain Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$264 | |
| Property Insurance | -$91 | |
| HOA | -$98 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$75
|
||
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.
$430,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$119,700
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
6
YEARS SAVED
$29,343
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,355
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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14554 W Cortez Street Surprise, AZ 2
- 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,120
- $0.65
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14982 W Columbine Drive Surprise, AZ 1
- 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,095
- $0.68
-
11964 N 146th Avenue Surprise, AZ 3
- 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2005
LEASED 03/09/21- Rent
- Rent Per SQFT
- $2,195
- $0.72
-
14974 W Columbine Drive Surprise, AZ 4
- 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,235
- $0.72
-
15210 W Cortez Street Surprise, AZ 5
- 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2003
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,400
- $0.75
PROPERTY LISTING DETAILS
Fusco Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182852
Last Updated: 02/06/2021
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.
