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16052 W Saguaro Lane Surprise, AZ 85374

3 Beds 2 Baths 1,436 sqft Built 2002

$276,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $192.20
  • 2 Days on Market
  • MLS # : 6161388
  • Updated Date : 11/21/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,436 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

This 3 bedroom home provides an Oasis in the Desert as evidenced by great backyard with pool and large covered patio even the Patio TV stays. The living room has a fireplace and there is spacious eat in kitchen. The house has a 2 car extended garage. Flooring in the Kitchen, Living Room and Halls has just been updated with manufactured wood. Plantation Shutters were installed in April. Also in April the pool was remodeled, and resurfaced. The patio deck extended and cool decking applied. You will find the Master Bedroom Suite on one side of the home and the other 2 bedrooms opposite side for more privacy. Landscaping in front was redone in May with new irrigation, rock and plants. Water Heater Replaced Nov. 20. This house is meticulous, the Seller has taken great care.

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PRICE & RENT TRENDS

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9021567

* 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
Parkview Elementary School Primary Regular 880 44 3
Parkview Elementary School Middle Regular 880 44 3
Willow Canyon High School High Regular 2,084 83 3

Parkview Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Parkview Elementary School

  • Education Level: Middle
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$248,400$303,600$276,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,018
Property Tax -$192
Property Insurance -$55
HOA -$8
Property Management Fees -$99
CASH FLOW
-$13

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.

$276,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,890

INVESTMENT

$78,890

Down Payment
$69,000
Rehab Estimate
$5,750
Closing Costs
$4,140

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,000
Loan Amount $207,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,379

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3603$1,4254$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 16052 W Saguaro Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.95
    •  
  • 15943 W Central Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 16061 W Carmen Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.99
    •  
  • 15676 W Caribbean Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 15682 W Carmen Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
PROPERTY LISTING DETAILS
Marcie Coffman
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161388
Last Updated: 11/21/2020
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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