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16219 W Copper Point Lane Surprise, AZ 85374

2 Beds 2 Baths 1,934 sqft Built 2000

$424,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $219.70
  • 2 Days on Market
  • MLS # : 6209703
  • Updated Date : 03/20/2021 at 15:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

WOW! Love at first sight, updated and waiting for you. Newer stainless appliances, granite counter tops, kitchen island, skylight, pendant lighting at counter, large pantry. Lighted, updated media wall in this Cholla with some crown molding, 24'' diagonal tile except bedrooms. 2 solar tubes, upgraded window treatment, plantation shutters, upgraded lighting and fans. Master bath has a custom tiled walk in shower. Private, covered patio with privacy wall, backyard adorned with mature landscaping. The garage is extended for your golf cart, coated floor and built in cabinets. Textured front sidewalk and driveway. The open floor plan is sure to delight you and is perfect for informal or formal dining. If you are looking for a special home you won't be disappointed.

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
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
 

$382,410$467,390$424,900

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 -$1,476
Property Tax -$295
Property Insurance -$65
HOA -$11
Property Management Fees -$99
CASH FLOW
-$116

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.

$424,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.43%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,307

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
  • $1,828

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6504$1,9755$2,000
$2,000
RENT COMPS ANALYSIS
  • 16219 W Copper Point Lane Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,934 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,934 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18643 N Granite Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 16513 N 150th Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,828 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,828 Sqft ∙ Built 2004
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 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
    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
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Joan Boesen
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209703
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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