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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $151.04
- 3 Days on Market
- MLS # : 6177657
- Updated Date : 01/09/2021 at 21:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,112 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Beautiful open great room floor plan residence with 3 bdrm /2 bath plus den. Walk thru the wide tiled entry past formal Living room and Den with French doors, into the generous sized great room area. Large, open, tiled kitchen with breakfast bar, pantry, and plenty of cabinets! Dining room with sliding door to veranda and play area, and carpeted Family room with ceiling fan. Split Master bedroom with ensuite Master bath featuring garden tub, separate shower and double sinks. Every closet a walk-in! Mountain views, unique stone flooring, plantation shutters. Built in garage storage cabinets and work area. Close to shopping, restaurants and services, this home will sure to please! See it today!
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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 | $1,580 |
| EXPENSES | Loan Payment | -$1,108 |
| Property Tax | -$196 | |
| Property Insurance | -$68 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$59
|
||
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.
$319,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.50%
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
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
6.42
YEARS SAVED
$23,976
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,558
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
15009 W Bloomfield Road Surprise, AZ 2
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $0.75
-
12041 N 151st Drive Surprise, AZ 1
- 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2003
![property image]()
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,395
- $0.73
-
15174 W Desert Hills Drive Surprise, AZ 3
- 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2003
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.71
-
12642 N 150th Lane Surprise, AZ 4
- 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.74
-
15047 W Windrose Drive Surprise, AZ 5
- 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
![property image]()
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,665
- $0.77
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177657
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.
