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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $154.66
- 4 Days on Market
- MLS # : 6174482
- Updated Date : 12/24/2020 at 15:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,166 sqft
- Baths : 3 full
Listing Agent
Keller Williams Elite
Listing Agent's Description
Great corner lot home is a 4 bed, 3 bath two-story. Formal living & dining with vaulted ceilings & neutral color palette. A spacious open floor plan for the kitchen, dining and family room. The eat-in kitchen has oak cabinets, white appliances, island with breakfast bar seating, and a walk-in pantry. One bedroom downstairs with walk in closet and full bath. The large master bedroom is upstairs and has a full bath, sep tub and shower, doublers sinks and walk-in closet. You will love the large secondary bedrooms with their own Jack and Jill bath. The backyard has a large covered patio nice lawn area and beautiful shade tree. Close to schools, shopping and the 303.
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PRICE & RENT TRENDS
Neighborhood: Mountain Vista Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Vista Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$233 | |
| Property Insurance | -$69 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$24
|
||
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.
$335,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
6.08
YEARS SAVED
$26,929
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
-
$1,760
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
16190 N 161st Lane Surprise, AZ 1
- 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16543 W Ironwood Street Surprise, AZ 2
- 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,495
- $0.75
-
16148 N 157th Drive Surprise, AZ 3
- 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 1999
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.81
-
15632 N 156th Lane Surprise, AZ 4
- 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2004
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,895
- $0.83
-
15748 W Paradise Lane Surprise, AZ 5
- 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 1999
LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
PROPERTY LISTING DETAILS
Keller Williams Elite
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174482
Last Updated: 12/24/2020
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.
