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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $133.80
- 2 Days on Market
- MLS # : 6196977
- Updated Date : 02/20/2021 at 04:38
CONSTRUCTION
- Beds : 5
- Floor Size : 3,251 sqft
- Baths : 3 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Create your Legacy with this 3251 sqft, 5 bedroom 3.5 bath beauty!! WHAT...owned solar system, can you imagine how low electric bills can be, helping out the cost of living?! Legacy Park Community is convenient to the 303 & the new COSTCO is within walking distance in beautiful Surprise Arizona. Step into this lovely 2 story home and immediately you're greeted by the upgraded touches this home has to offer. Nice sized formal living room with separate dining, recently upgraded kitchen includes expansive kitchen island with Delicatus white granite, beautiful backsplash, built in Kitchenaide refrigerator, pantry, master bath downstairs for privacy, half bath downstairs, large first floor ''harry potter'' closet under stairs,
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PRICE & RENT TRENDS
Neighborhood: Legacy Parc
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Legacy Parc
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$302 | |
| Property Insurance | -$91 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$148
|
||
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.
$435,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
3.58
YEARS SAVED
$13,949
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
-
$2,081
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
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15937 W Custer Lane Surprise, AZ 1
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15855 W Port Royale Lane Surprise, AZ 2
- 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017
LEASED 12/02/19- Rent
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- $1,845
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16050 W Mauna Loa Lane Surprise, AZ 3
- 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,975
- $0.67
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15931 W Acapulco Lane Surprise, AZ 4
- 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2002
LEASED 08/22/19- Rent
- Rent Per SQFT
- $2,095
- $0.64
-
14757 N 159th Drive Surprise, AZ 5
- 6 beds 4 baths ∙ 3,251 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,251 Sqft ∙ Built 2005
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,095
- $0.64
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196977
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.
