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16085 W Sun Prairie Court Surprise, AZ 85374

2 Beds 2 Baths 1,183 sqft Built 1999

INVESTimate

$249,000

List Price

$1,340

$1,206 - $1,474

Rent Est.

$258,014  ( +3.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $210.48
  • 7 Days on Market
  • MLS # : 6120237
  • Updated Date : 08/20/2020 at 16:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,183 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

WILLOW model ready for your touches. This home has a N/S orientation. Huge private back yard. Mature vegetation. All appliances included. Cul-de-sac location reduces traffic. Large tile throughout except bedrooms, which have carpet. Double sinks in the master. Upgraded baseboards. Nice designer colors. Extended patio (partially covered). Garage cabinets. Perfect size home for a resort retreat.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k340k

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

Neighborhood: Sun City Grand-mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791735

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$919
Property Tax -$173
Property Insurance -$50
HOA -$133
Property Management Fees -$99
CASH FLOW
-$34

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.

$249,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.62%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,455

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3753$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 16085 W Sun Prairie Court Surprise, 1
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.13
    •  
  • 16324 W Key Estrella Drive Surprise, 2
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.18
    •  
  • 17720 N Havasupai Drive Surprise, 3
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.24
    •  
  • 17704 N Sundown Court Surprise, 4
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.23
    •  
  • 18320 N Las Rocas Way Surprise, 5
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1998
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Judy Prier-lewis
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120237
Last Updated: 08/20/2020
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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