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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $184.45
- 3 Days on Market
- MLS # : 6162974
- Updated Date : 11/20/2020 at 22:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,518 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
This great home 3 BR/2.5 BA and a 2 car garage with a sparkling heated pool. You will notice the great curb appeal with the main front yard and main back yard with new artificial grass. Enjoy your backyard paradise securely with a block wall fence. Pool has been inspected and works perfectly, with newer heater and filter. Fantastic home in a in-demand subdivision, near Kingswood Elementary. Kingswood Parke is a lake subdivision near Surprise shopping, entertainment and dining and convienent to the Loop 303 and Bell. Offers will be reviewed by the Seller on Monday 11-23-20 by 5 PM and each day thereafter at approximately the same time if needed.
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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 | $1,410 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$168 | |
| Property Insurance | -$57 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$40
|
||
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.
$280,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.50%
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
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
6.5
YEARS SAVED
$24,907
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,480
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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15079 W Heritage Oak Way Surprise, AZ 1
- 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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14904 W Lupine Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1997
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LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,325
- $0.93
-
14722 W Parkwood Drive Surprise, AZ 3
- 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1998
![property image]()
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,450
- $1.07
-
17116 N Princess Place #85375 Surprise, AZ 4
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1999
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
15071 W Heritage Oak Way Surprise, AZ 5
- 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996
![property image]()
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162974
Last Updated: 11/20/2020
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.
