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16221 W Starry Sky Drive Surprise, AZ 85374

2 Beds 2 Baths 1,183 sqft Built 1998

$284,900

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $240.83
  • 6 Days on Market
  • MLS # : 6161591
  • Updated Date : 11/18/2020 at 06:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,183 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

LOCATION & UPDATES! Quiet location and tastefully updated. Granite counter tops and plank tile throughout. Private back patio and yard with new block, stucco and iron fencing w 2 gates. Newer appliances, back splash and baseboards. Clean garage has two work benches and wire shelving. Murphy bed makes second bedroom available for office or workout space. Plantation shutters all around! LED lighting entire home. Schedule 40 irrigation piping, vacation mailbox, electronic furnace filter. See photo's and feature sheet for entire list of updates.

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
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
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,051
Property Tax -$198
Property Insurance -$50
HOA -$11
Property Management Fees -$99
CASH FLOW
-$50

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.

$284,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$16,359

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
  • $1,431

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4504$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 16221 W Starry Sky Drive Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16324 W Key Estrella Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 1998
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.18
    •  
  • 15907 W Sunstone Lane Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 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
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.27
    •  
  • 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
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Thomas Ranalls
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161591
Last Updated: 11/18/2020
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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