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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $215.53
- 3 Days on Market
- MLS # : 6190540
- Updated Date : 02/12/2021 at 23:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,693 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
What a rare find in Mountain Vista Ranch! Updated 3 bedroom, 2 bathroom, with a den situated on an over sized CUL-DE-SAC lot.North/South exposure with mature landscaping, shed, CHICKEN COOP, additional concrete patio prewired for HOT TUB, fire pit, BBQ area,and RV GATE. Open and light floor plan with vaults over kitchen, DR, FR, and Mbed. Fresh paint, NEW 16.5 SEAR TRANE 410a AC SYSTEM,9kw OWNED SOLAR SYSTEM, NEW ADDITIONAL INSULATION, SEALED DUCTWORK, NEW WINDOWS in FR with 25 year warranty, NEWDISPOSAL, sun screens, French doors to patio, upgraded front door, security doors, SS appliances, NEW OVERSIZED WOOD PLANK TILETHROUGHOUT, upgraded faucets, FANCY TOILETS, lighting package, crown molding, updated bath accessories, and alarm system. Super clean home ready for it's next own
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PRICE & RENT TRENDS
Neighborhood: Mountain Vista Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Vista Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,267 |
| Property Tax | -$254 | |
| Property Insurance | -$60 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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.
$364,900
PROJECTED PRICE
$1,610
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| 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
$102,449
LOAN DETAILS
$1,267
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,225 |
| Loan Amount | $273,675 |
4.42
YEARS SAVED
$15,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,608
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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15537 N 159th Court Surprise, AZ 3
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- Rent
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- $1,610
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15676 W Caribbean Lane Surprise, AZ 1
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
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16028 N 159th Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000
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LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,595
- $0.99
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15938 W Monte Cristo Avenue Surprise, AZ 4
- 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000
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LEASED 02/09/21- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
15509 N 160th Avenue Surprise, AZ 5
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002
![property image]()
LEASED 02/09/21- Rent
- Rent Per SQFT
- $1,750
- $0.99
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190540
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
