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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $144.33
- 2 Days on Market
- MLS # : 6178910
- Updated Date : 01/09/2021 at 22:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,522 sqft
- Baths : 3 full
Listing Agent
Desert Dream Realty
Listing Agent's Description
Beautiful Spanish style home; no homes directly behind in Rancho Gabriela in Surprise. Entertain guests in formal living/dining room, w/soaring ceilings, open stairway & beautiful hardwood floors. Dream eat-in kitchen w/Stainless Steel appliances, granite counters, raised panel custom cabinets, huge kitchen island open to spacious family room. Covered patio leads to fabulous crystal clear pool with gigantic water fall & slide. Bedroom, full bath downstairs. Upstairs spacious master suite boasts double door entry w/in-suite bath, double sinks, separate tub/shower, large walk-in closet. Two additional bedrooms, full bath, loft & convenient laundry w/lots of cabinets & sink. EZ care front/back yard, 2-car garage. Great community with sidewalks, park, nearby shopping & dining. Don't miss out!
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PRICE & RENT TRENDS
Neighborhood: Rancho Gabriela
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Gabriela
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,264 |
| Property Tax | -$223 | |
| Property Insurance | -$76 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$127
|
||
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.
$364,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.9% |
| 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
$102,210
LOAN DETAILS
$1,264
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,000 |
| Loan Amount | $273,000 |
7.42
YEARS SAVED
$33,318
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,847
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
14744 W Poinsettia Drive Surprise, AZ 3
- 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2005
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- Rent
- Rent Per SQFT
- $1,840
- $0.73
-
14824 W Windrose Drive Surprise, AZ 1
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.73
-
15368 W Yucatan Drive Surprise, AZ 2
- 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005
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LEASED 01/04/21- Rent
- Rent Per SQFT
- $1,750
- $0.69
-
15013 W Cortez Street Surprise, AZ 4
- 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2004
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LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,895
- $0.74
-
14766 W Larkspur Drive Surprise, AZ 5
- 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2003
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,095
- $0.77
PROPERTY LISTING DETAILS
Desert Dream Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178910
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
