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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $239.44
- 2 Days on Market
- MLS # : 6176422
- Updated Date : 01/02/2021 at 23:05
CONSTRUCTION
- Beds : 2
- Floor Size : 1,169 sqft
- Baths : 2 full
Listing Agent
Homie
Listing Agent's Description
Sun City Grand ''Willow'' 2BR/2BA with new large tiles and new carpets. Wonderful outdoor living south-facing furnished patio surrounded by flowering shrubs and trees providing four delicious fruits, fenced in for privacy and pets. Kitchen with bay window breakfast nook has new cabinets, stainless steel appliances, and quartz counter tops. Includes new Kenmore washer and dryer in laundry room. Home warranty. Furnishings for sale outside of escrow. This is a beautiful property--move in ready!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-mountain View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-mountain View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$195 | |
| Property Insurance | -$50 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$33
|
||
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.
$279,900
PROJECTED PRICE
$1,420
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.6% |
| 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
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
6.33
YEARS SAVED
$23,885
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
-
$1,414
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
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16137 W Red Rock Drive Surprise, AZ 1
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16324 W Key Estrella Drive Surprise, AZ 2
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LEASED 02/28/20- Rent
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- $1,450
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18320 N Las Rocas Way Surprise, AZ 4
- 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
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16085 W Sun Prairie Court Surprise, AZ 5
- 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.27
PROPERTY LISTING DETAILS
Homie
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176422
Last Updated: 01/02/2021
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.
