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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $169.78
- 5 Days on Market
- MLS # : 6174227
- Updated Date : 12/30/2020 at 22:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,091 sqft
- Baths : 2 full
Listing Agent
Keller Williams Elite
Listing Agent's Description
This one is not going to last so you need to hurry. Fantastic curb appeal and easy to maintain landscaping. Open floor plan with separate living & family rooms and wood or tile flooring through all the main living areas. Amazing kitchen with granite countertops, island with breakfast bar, upgraded maple cabinets, track lighting, & tile backsplash. Ceiling fans in all the right places. Master bath with garden tub, separate shower, walk in closet, & private toilet room. You'll spend a lot of time in your back yard with covered patio, swimming pool, & lounging area to relax or entertain. Don't let this opportunity pass you by.
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PRICE & RENT TRENDS
Neighborhood: Sierra Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$247 | |
| Property Insurance | -$68 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$44
|
||
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.
$355,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
4.67
YEARS SAVED
$20,041
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,542
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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15032 N 176th Lane Surprise, AZ 5
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17452 W Caribbean Lane Surprise, AZ 3
- 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,575
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17907 W Port Royale Lane Surprise, AZ 4
- 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2004
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.73
PROPERTY LISTING DETAILS
Keller Williams Elite
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174227
Last Updated: 12/30/2020
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.
