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16029 W Poinsettia Drive Surprise, AZ 85379

5 Beds 3 Baths 3,185 sqft Built 2014

$499,990

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $156.98
  • 5 Days on Market
  • MLS # : 6159057
  • Updated Date : 11/14/2020 at 11:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,185 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Brand New to the market this GORGEOUS, five bedroom, Super Garage home in Surprise has all the right upgrades to feel right at home both indoors and out! Featuring an attached RV garage with beautifully sealed floors, this home has room for the entire family plus toys! Upgraded flooring throughout the main floor, cozy loft and an extended laundry room with added storage and movie theater checks most boxes on every person's desired wish list. Schedule your private tour TODAY before this gem is gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Sonoran Heights Elementary School Primary Regular 961 42 7
Sonoran Heights Elementary School Middle Regular 961 42 7
Shadow Ridge High School High Regular 1,735 77 4

Sonoran Heights Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Sonoran Heights Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$449,991$549,989$499,990

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,845
Property Tax -$348
Property Insurance -$89
HOA -$75
Property Management Fees -$99
CASH FLOW
-$416

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$499,990

PROJECTED PRICE

$2,040

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,247

INVESTMENT

$138,247

Down Payment
$124,998
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,998
Loan Amount $374,993
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,822

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,040

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9954$2,0405$2,050
$2,050
RENT COMPS ANALYSIS
  • 16029 W Poinsettia Drive Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,185 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,185 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.64
    •  
  • 15456 W Corrine Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 2006
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.63
    •  
  • 15993 W Yucatan Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 2005
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.63
    •  
  • 15648 W Poinsettia Drive Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.62
    •  
  • 11877 N 156th Lane Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.64
    •  
PROPERTY LISTING DETAILS
Russell Lee Dehlinger
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159057
Last Updated: 11/14/2020
support@investimateroi.com

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.

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