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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $205.36
- 4 Days on Market
- MLS # : 6174371
- Updated Date : 12/24/2020 at 11:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,313 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Enjoy retirement at it's best! Desirable golf course community Sun City Grand! This home been completely renovated and ready to move in. Private lot with N/S exposure. Spacious floor plan with formal living and dinning room, kitchen open to family room, kitchen island with breakfast bar, pendent lights. Split floor plan, master suite offers double sinks, large walk-in shower, walk-in closet. Guest bedroom with bath, plus den with barn door. This home is highly upgraded with plank tile flooring, White Shaker cabinets, granite counter tops, stainless steel appliances including wine fridge, plantation shutters. Two new HVACs 2020, new water heater! Epoxy garage flooring and storage cabinets. Deep 25 ft 2 car garage. Low maintenance backyard landscaping. Home warranty included!
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$330 | |
| Property Insurance | -$72 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$484
|
||
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.
$475,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.0% |
| 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
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
1.17
YEARS SAVED
$2,842
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,712
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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15962 W Quail Brush Lane Surprise, AZ 4
- 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001
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- Rent Per SQFT
- $1,780
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24034 N 165th Avenue Surprise, AZ 1
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- $1,450
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- 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,500
- $0.76
-
15809 W La Paloma Drive Surprise, AZ 3
- 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
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23965 N 166th Lane Surprise, AZ 5
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.75
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174371
Last Updated: 12/24/2020
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.
