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16147 W Birdsong Court Surprise, AZ 85374

2 Beds 2 Baths 1,934 sqft Built 1998

$445,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $230.09
  • 2 Days on Market
  • MLS # : 6210021
  • Updated Date : 03/20/2021 at 18:47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Interior Designer's Home and It Looks It! Cul de Sac Corner Lot across from Golf Course with NO Neighbors Behind! Close in Sought After Location and Floorplan, The Cholla! Dream Kitchen with Island, Wet Bar and/or Coffee Bar and Pantry! Gas Range, Dishwasher, Microwave and Refrigerator all in Stylish Matte Slate Finish. Farm Sink, Golden Bronze U Shaped Faucet, MARBLE Countertops, Stacked Stone Backsplash, Pullouts are other Fine Features. Reconfigured Media Wall for Large TVs. Shutters T/O. Master Suite with Double Door Entry, Bay Window, Door to Bath, Large Walk in Closet. Guest Bedroom Expanded and has Two Mirrored Long Closets. Both Baths are Beautifully Updated. Mirrors, Raised Toilets, Sinks, Hardware, Lights, Vanities, Shower and Tub/Shower in Guest. Office with Shuttered Doors.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k359k

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

Neighborhood: Sun City Grand

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9791886

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,546
Property Tax -$309
Property Insurance -$65
HOA -$11
Property Management Fees -$99
CASH FLOW
-$200

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.

$445,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8303$1,8754$1,9755$2,000
$2,000
RENT COMPS ANALYSIS
  • 16147 W Birdsong Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,934 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,934 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.95
    •  
  • 18643 N Granite Court Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003
    property image
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 20013 N Siesta Rock Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
  • 17307 N Stone Haven Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.97
    •  
  • 16135 W Casa Bonita Court Surprise, AZ 5
    • 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Catherine Barton
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210021
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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