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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $165.39
- 3 Days on Market
- MLS # : 6177653
- Updated Date : 01/09/2021 at 16:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,693 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Gorgeous single level home with tons of on-trend features and updates! Gourmet eat-in kitchen incorporates painted cabinets with pulls, island with breakfast bar, new garbage disposal, and Whirlpool and Samsung appliances. Other features include a recently painted exterior, vaulted ceilings, front security door, 18in porcelain tile flooring, new bedroom carpeting, spacious den with built-ins, great room gas fireplace, and a 2 car garage with 50 gal water heater. The master suite offers a walk-in closet and a full bathroom with painted cabinetry, new toilet, and a separate shower and tub. The backyard has an extended covered patio with misting system, faux grass with 16yr warranty, low maintenance landscaping, and a refinished side gate!
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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 | $1,560 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$195 | |
| Property Insurance | -$60 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$225
|
||
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
$1,560
PROJECTED RENT
0.56%
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
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
9.67
YEARS SAVED
$38,856
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,558
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
15614 N 159th Lane Surprise, AZ 4
- 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,560
- $0.92
-
15904 W Carmen Drive Surprise, AZ 1
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2000
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
15676 W Caribbean Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
15912 W Tara Lane Surprise, AZ 3
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2000
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
16028 N 159th Lane Surprise, AZ 5
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000
LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,595
- $0.99
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177653
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.
