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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $203.13
- 2 Days on Market
- MLS # : 6210130
- Updated Date : 03/20/2021 at 19:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,600 sqft
- Baths : 2 full
Listing Agent
Pro-formance Realty Concepts
Listing Agent's Description
This is a 3 bedroom, 2 bath , 2 car garage on a large lot with private fenced pool, large storage area for your Razors or quads or whatever toys you have with a storage shed. Very nice large patio and cover. Garage has lots of built in cabinets. Grass front and backyard that your pets will love and you'll be able to keep them out of the pool:-) separate living room and family room, with eat in kitchen. Inside laundry, nice buildouts and tile. Large master bedroom and bath.
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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 | $1,570 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$226 | |
| Property Insurance | -$58 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$50
|
||
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.
$325,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.48%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.33
YEARS SAVED
$23,855
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,568
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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15939 W Post Drive Surprise, AZ 4
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- Rent
- Rent Per SQFT
- $1,570
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15883 W Tasha Drive Surprise, AZ 1
- 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998
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LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,395
- $0.96
-
16126 W Cottonwood Street Surprise, AZ 2
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2002
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LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,499
- $1.03
-
15885 W Cottonwood Street Surprise, AZ 3
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2000
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.94
-
16211 W Cottonwood Street Surprise, AZ 5
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2002
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,650
- $0.99
PROPERTY LISTING DETAILS
Pro-formance Realty Concepts
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6210130
Last Updated: 03/20/2021
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.
