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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $187.50
- 2 Days on Market
- MLS # : 6165497
- Updated Date : 11/27/2020 at 21:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,320 sqft
- Baths : 2 full
Listing Agent
Cts Realty
Listing Agent's Description
**REMODELED**GREAT FAMILY COMMUNITY nestled in the heart of Surprise just minutes to Surprise Stadium & Recreation Center~3 bd / 2 bath / 2 car garage home w/BRAND-NEW EXTERIOR paint, BRAND-NEW DESIGNER TWO-TONED INTERIOR paint, BRAND-NEW WOOD-LOOK VINYL-PLANK FLOORING, BRAND-NEW LIGHT FIXTURES, NEWER BLINDS, BRAND-NEW CARPET in bedrooms ONLY, BRAND-NEW PLUMBING-FIXTURES, NEWER slider-glass-door~Separate, front, formal living-room~Family great-room off kitchen & breakfast-nook~Kitchen includes BRAND-NEW STAINLESS APPLIANCES & REFINISHED cabinetry~Master bd suite is spacious w/walk-in closet~Secondary bedrooms are roomy~2 car garage has WORKSHOP BENCH~Frontyard has BRAND-NEW landscaping & drip-system~BEST STARTER-HOME in Surprise for UNDER 250K 10+++
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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 | $1,280 |
| EXPENSES | Loan Payment | -$913 |
| Property Tax | -$172 | |
| Property Insurance | -$53 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$34
|
||
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.
$247,500
PROJECTED PRICE
$1,280
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
$71,338
LOAN DETAILS
$913
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,875 |
| Loan Amount | $185,625 |
6.42
YEARS SAVED
$21,600
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,350
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
15916 W Smokey Drive Surprise, AZ 2
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,280
- $0.97
-
15909 W Elm Street Surprise, AZ 1
- 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1998
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,200
- $1.00
-
15725 W Smokey Drive Surprise, AZ 3
- 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1996
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,299
- $1.06
-
15883 W Tasha Drive Surprise, AZ 4
- 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,395
- $0.96
-
15682 W Carmen Drive Surprise, AZ 5
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,550
- $1.07
PROPERTY LISTING DETAILS
Cts Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165497
Last Updated: 11/27/2020
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.
