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15962 W Quail Brush Lane 
Surprise, AZ
85374
2 Beds 2 Baths 2,313 sqft
Built 2001
INVESTimate
$360,000
List Price
$101,150
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $155.64
- 1 Days on Market
- MLS # : 6122610
- Updated Date : 08/25/2020 at 19:41
CONSTRUCTION
- Beds : 2
- Floor Size : 2,313 sqft
- Baths : 2 full
Listing Agent
Cerreta Real Estate
Listing Agent's Description
GORGEOUS SUN CITY GRAND HOME. A guarded community that provides beauty and safety. A walkway takes you through a gated courtyard and into a fabulous foyer that leads to the den/office or the formal living and dining areas. The kitchen was designed with care and includes beautiful cabinets with crown molding, granite counter-tops, a tile backsplash, pantry, and full island with breakfast bar. The breakfast room boasts a bay window and sliding glass doors to the back yard. A generous master suite includes a bay window area, a bath with double sinks and walk in shower with a bench. Second bedroom is next to a full hall bath. Inside laundry. The back has an extensive covered patio that looks out to the backyard that has lovely mature landscape. Home is in a 55+ age restricted area.
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-Desert Bloom
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-Desert Bloom
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$250 | |
| Property Insurance | -$72 | |
| HOA | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$333
|
||
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.
$360,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.04% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,150
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
1.33
YEARS SAVED
$2,662
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
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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15962 W Quail Brush Lane Surprise,
- 2 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
Cerreta Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122610
Last Updated: 08/25/2020
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.
