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16142 W Casa Bonita Court Surprise, AZ 85374

2 Beds 2 Baths 1,850 sqft Built 1999

$329,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $177.84
  • 6 Days on Market
  • MLS # : 6166295
  • Updated Date : 12/04/2020 at 11:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,850 sqft
  • Baths : 1 full , 1 half
Listing Agent

Leolinda Realty

Listing Agent's Description

Listed for sale, a Palo Verde model the most popular built in the beautiful age restricted (45+) community of Sun City Grand. This one owner home is situated on a corner lot with easy access in and out of the community. Relax on your front courtyard patio or on the extended backyard patio. Inside features gas cooking, bay window in breakfast nook, bay window in master bedroom, two sinks in master bath, raised panel doors, and inside laundry. Home is fully tiled for ease of maintenance. Other features are sunscreens, extended garage, garage cabinets, Air Conditioner and Furnace replaced in 2014, Washer & Dryer replaced in 2015, exterior painted in 2016, sunscreens replaced in 2018, dishwasher in 2020, and PVC landscaping system. Owner has meticulously maintained this popular Grand home!

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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,214
Property Tax -$229
Property Insurance -$63
HOA -$11
Property Management Fees -$99
CASH FLOW
$63

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.

$329,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$30,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6803$1,8004$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 16142 W Casa Bonita Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 16525 W Arroyo Court Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 19765 N Wind Rose Way Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
  • 16135 W Casa Bonita Court Surprise, AZ 4
    • 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 17307 N Stone Haven Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Leolinda Bowers
Leolinda Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166295
Last Updated: 12/04/2020
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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