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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $242.75
- 2 Days on Market
- MLS # : 6176451
- Updated Date : 01/03/2021 at 00:25
CONSTRUCTION
- Beds : 2
- Floor Size : 1,338 sqft
- Baths : 1 full , 1 half
Listing Agent
Pro-formance Realty Concepts
Listing Agent's Description
You'll love this beautiful Sage floor plan that has been updated and upgraded in almost everyway. This Sage has the large bay windows in both the kitchen and the master bedroom. Each window boast gorgeous plantation shutters that fold back to allow the beautiful light to enter. The great room features a warm and inviting gas fireplace and built in TV which stays with the home. Much of the furniture is available to new owner. Home looks like it has been staged, but it isn't, even though it looks like a model in almost everyway. You'll love the warm stylish flooring and 61/2'' baseboards. The home has a block wall for privacy & features an extended covered patio for entertaining your guest. The kitchen has been upgraded with granite counter top & has a very cozy eat in area. You'll love it!!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Granite Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Granite Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$226 | |
| Property Insurance | -$53 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$8
|
||
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.
$324,800
PROJECTED PRICE
$1,600
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.9% |
| 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
$91,822
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,200 |
| Loan Amount | $243,600 |
5.67
YEARS SAVED
$24,622
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
-
$1,619
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
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- 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1998
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,500
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16085 W Sun Prairie Court Surprise, AZ 5
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LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.27
PROPERTY LISTING DETAILS
Pro-formance Realty Concepts
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176451
Last Updated: 01/03/2021
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.
