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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $218.61
- 4 Days on Market
- MLS # : 6174340
- Updated Date : 12/31/2020 at 08:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,322 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Sun City Grand Stunner! Recently painted neutral 2bd/2ba with enclosed patio for evening entertaining while enjoying amazing AZ weather. Corner lot on the end of a cul-de-sac gives the backyard a more spacious feel with enclosed walls-perfect for pets. Low maintenance desert landscape with just the right amount of green. Theirs/theirs walk in closets, second bed for guests, large kitchen pantry, SS appliances, handle grab bars in owners suite shower. NEW Trane AC with receipt of last two years. Views, views & more outdoor views. Two-car garage with epoxy flooring, tall cabinet storage for all your outdoor adventure gear and hobbies. Easy access to hiking & biking trails. Great for lock & leave and seasonal visitors. Schedule your viewing today!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Desert Sage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Desert Sage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$201 | |
| Property Insurance | -$53 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$100
|
||
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.
$289,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
7.5
YEARS SAVED
$31,743
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,388
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
16116 W Acacia Court Surprise, AZ 5
- 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,530
- $1.16
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15961 W Wildflower Drive Surprise, AZ 1
- 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,375
- $0.97
-
15537 W Coral Pointe Drive Surprise, AZ 2
- 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1998
LEASED 08/06/19- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
19915 N Echo Rim Drive Surprise, AZ 3
- 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,400
- $0.99
-
16149 W Quail Creek Lane Surprise, AZ 4
- 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,495
- $1.19
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174340
Last Updated: 12/31/2020
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.
