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16116 W Acacia Court Surprise, AZ 85374

2 Beds 2 Baths 1,322 sqft Built 2001

$284,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $215.51
  • 5 Days on Market
  • MLS # : 6150556
  • Updated Date : 11/07/2020 at 11:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,322 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Check out this Surprise Stunner! Freshly painted 2bd/2ba with enclosed patio for evening entertaining to enjoy cool fall and spring AZ weather. Corner lot on the end of a cul-de-sac gives the backyard a more spacious effect and enclosed walls are perfect for pets. Low maintenance desert landscape with just the right amount of green. Backyard shade tree allows for patio seating outside to enjoy morning coffee or evening night cap. His and hers walk in closets, large kitchen pantry, SS appliances, GE washer & dryer, single owner suite sink with space for sit down vanity, gorgeous views of well manicured low maintenance desert landscape. Two car garage with plenty of extra storage for all you outdoor adventure gear, crafts, and hobbies. You won't want to miss a chance to view! COME SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Desert Sage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Neighborhood: Sun City Grand Desert Sage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9791842

* 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
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,051
Property Tax -$198
Property Insurance -$53
HOA -$10
Property Management Fees -$99
CASH FLOW
-$42

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.

$284,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$17,070

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
  • $1,365

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3754$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 16116 W Acacia Court Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15962 W Autumn Sage Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,278 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,278 Sqft ∙ Built 2000
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 15961 W Wildflower Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.97
    •  
  • 19915 N Echo Rim Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 16149 W Quail Creek Lane Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.19
    •  
PROPERTY LISTING DETAILS
Elisa C Deleon Santacruz
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150556
Last Updated: 11/07/2020
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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