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16114 W Sun Prairie Lane Surprise, AZ 85374

2 Beds 2 Baths 1,414 sqft Built 1999

INVESTimate

$289,900

List Price

$1,470

$1,323 - $1,617

Rent Est.

$300,394  ( +3.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $205.02
  • 3 Days on Market
  • MLS # : 6122082
  • Updated Date : 08/24/2020 at 18:52
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,414 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Beautiful, fully furnished ACACIA model with extended Double Garage. GOLF CART included! All furniture, dishes, linens and most wall art ... are included. Priced to sell, in this POPULAR RETIREMENT COMMUNITY! 4 Golf Courses, 4 Swimming Pools, 2 Work Out facilities... and many more amenities!

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,070
Property Tax -$202
Property Insurance -$55
HOA -$133
Property Management Fees -$99
CASH FLOW
-$88

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.

$289,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.51%

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$12,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3954$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 16114 W Sun Prairie Lane Surprise, 1
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16270 W Cactus Valley Lane Surprise, 2
    • 2 beds 2 baths ∙ 1,338 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,338 Sqft ∙ Built 1998
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.03
    •  
  • 15370 W Jill Lane Surprise, 3
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 17704 N Sundown Court Surprise, 4
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.23
    •  
  • 15907 W Sunstone Lane Surprise, 5
    • 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kyle Conroy
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122082
Last Updated: 08/24/2020
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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