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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $185.78
- 3 Days on Market
- MLS # : 6196719
- Updated Date : 02/20/2021 at 00:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,668 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
If you desire a beautiful single level, 1668 Sq. ft., 3 bedroom, 2 bathroom home, with a sparkling pool, in Surprise, AZ, this is a must see home. Popular great room floor plan combined with the inviting private walled backyard oasis is ideal for entertaining family & friends. The pool has a wonderful water feature, multicolored lighting & a variable speed pump. Kitchen features stainless steel appliances, an island & breakfast bar. The 3 bedrooms are split, & the master Ste. has a walk-in closet. This north/south facing home has been very well maintained & is located close to shopping, children's playground, walking/biking paths & a greenbelt area. If you want a home in the Mountain Vista Ranch subdivision of Surprise, AZ this may be just the home for you. Don't Wait! Call today to view!
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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 | -$1,076 |
| Property Tax | -$215 | |
| Property Insurance | -$60 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$151
|
||
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.
$309,875
PROJECTED PRICE
$1,610
PROJECTED RENT
0.52%
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
$87,867
LOAN DETAILS
$1,076
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,469 |
| Loan Amount | $232,406 |
8.08
YEARS SAVED
$32,819
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 -
$0.97
LIST RENT PER SQFT
-
$1,601
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
15821 W Carmen Drive Surprise, AZ 5
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,610
- $0.97
-
15590 W Acapulco Lane Surprise, AZ 1
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2001
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.94
-
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
-
15579 W Acapulco Lane Surprise, AZ 3
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2001
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
16028 N 159th Lane Surprise, AZ 4
- 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
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196719
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.
