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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $245.14
- 4 Days on Market
- MLS # : 6178088
- Updated Date : 01/07/2021 at 22:18
CONSTRUCTION
- Beds : 2
- Floor Size : 1,183 sqft
- Baths : 1 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
TURN KEY OPTION - We came to Sun City Grand to rent a villa for the month of January and liked all the amenities of this active adult community so much that we bought this home. The location is great backing up to and overlooking a community pathway. There are not any homes behind this home and this lot sits higher than the walkway giving us a private back yard. We also have a nice sized covered patio just outside of the sliding glass doors. The low maintenance private yard has a producing naval orange tree in addition to the other beautiful landscaping plants and cacti. This great open Willow floor plan that features tile floors everywhere except the bedrooms is beautiful and bright. The bedrooms are carpeted which is preferred in cool winter mornings. With 9 ft ceilings throughout, it
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Desert Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Desert Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$202 | |
| Property Insurance | -$50 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
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.
$290,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.0% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
6.67
YEARS SAVED
$23,701
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,346
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/28/20- Rent
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- $1,250
- $1.15
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LEASED 08/17/19- Rent
- Rent Per SQFT
- $1,400
- $1.10
-
17919 N Reno Avenue Surprise, AZ 3
- 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998
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LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,400
- $1.18
-
15907 W Sunstone Lane Surprise, AZ 5
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LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,450
- $1.12
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178088
Last Updated: 01/07/2021
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.
