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16051 W Jenan Drive Surprise, AZ 85379

3 Beds 2 Baths 2,309 sqft Built 2013

$520,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $225.21
  • 4 Days on Market
  • MLS # : 6196115
  • Updated Date : 02/20/2021 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,309 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Your dream home awaits in Greer Ranch. 3 bed + den, 2 bath with 6 car/RV garage. Kitchen is a chefs dream, it has a large granite island, staggered maple cabinets. Owners suite is large with an ensuite that includes a garden tub, double sinks, and a huge walk-in closet. Walk-in closets in all bedrooms. Beautiful wood shutters throughout on all windows. Wait until you step outside, large extended patio that has a low maintenance yard built for entertaining. 3 car tandem garage, plus an insulated RV garage with R.V. electric hookup. Gorgeous home in a the wonderful location close to 303, restaurants, great shopping and much more!!

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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

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

$468,000$572,000$520,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,806
Property Tax -$362
Property Insurance -$72
HOA -$75
Property Management Fees -$99
CASH FLOW
-$704

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.

$520,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.33%

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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$81

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7103$1,8004$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 16051 W Jenan Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.74
    •  
  • 16228 W Yucatan Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,265 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,265 Sqft ∙ Built 2005
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 16015 W Christy Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 15731 W Shaw Butte Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 15970 W Shaw Butte Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2017
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kim Panozzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196115
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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