Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $209.87
- 4 Days on Market
- MLS # : 6172380
- Updated Date : 12/18/2020 at 11:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,358 sqft
- Baths : 2 full
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Move In Ready, Beautiful Kingswood Parke Single Story Home! This home features 3 bedrooms/ 2 baths, Tile flooring throughout & Vinyl Plank in Master Suite. Designer eat-in kitchen w/ sky blue cabinetry, granite counters, tile backsplash, Island & stainless steel appliances. Freshly painted interior! This home sits on a great lot looking out to a large grassy park area to the front. There are no 2 story homes on either side of the property. Wonderful floorplan that is sure to please anyone. Close to Surprise Stadium and many shopping and dining options. This is truly a wonderful home in a great neighborhood!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Kingswood Parke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingswood Parke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$171 | |
| Property Insurance | -$54 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$142
|
||
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.
$285,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.0% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
8.33
YEARS SAVED
$36,601
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,524
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
14910 W Parkwood Drive Surprise, AZ 3
- 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $1.13
-
17717 N Woodrose Avenue Surprise, AZ 1
- 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1998
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,350
- $1.06
-
17923 N Reno Avenue Surprise, AZ 2
- 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1998
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.09
-
14905 W Lamoille Drive Surprise, AZ 4
- 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1997
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,575
- $1.16
-
14722 W Parkwood Drive Surprise, AZ 5
- 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1998
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.18
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172380
Last Updated: 12/18/2020
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.
