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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $159.18
- 2 Days on Market
- MLS # : 6196843
- Updated Date : 02/20/2021 at 16:22
CONSTRUCTION
- Beds : 4
- Floor Size : 2,670 sqft
- Baths : 3 full
Listing Agent
Keller Williams Elite
Listing Agent's Description
Incredible move in ready Surprise home available in highly sought after Greer Ranch. This is a Must see! The interior is open and bright with 4 bedrooms, 3 bathrooms, formal living and dining areas, and a spacious separate family room. Soaring vaulted ceilings, inviting custom paint tones and beautiful 18 inch tile flooring in all of the right places. Perfect for gathering friends and family, the huge eat in kitchen is complete with ss appliances, granite counters and backsplash, and a large island w/ breakfast bar seating. You will love the large master retreat that includes a walk in closet. Generously sized secondary bedrooms, two share a Jack and Jill bathroom. Garage has epoxy flooring and lots of garage cabinets for storage. You will love the privacy of this corner lot with BIG side
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PRICE & RENT TRENDS
Neighborhood: Greer Ranch South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greer Ranch South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$296 | |
| Property Insurance | -$79 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$202
|
||
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.
$425,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.42%
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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
2.83
YEARS SAVED
$9,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,889
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/04/21- Rent
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- $1,750
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15465 W Laurel Lane Surprise, AZ 3
- 5 beds 3 baths ∙ 2,522 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,522 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
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15781 W Mercer Lane Surprise, AZ 4
- 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2006
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,895
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15128 W Desert Mirage Drive Surprise, AZ 5
- 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.74
PROPERTY LISTING DETAILS
Keller Williams Elite
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196843
Last Updated: 02/20/2021
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.
