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16229 W Hearthstone Drive Surprise, AZ 85374

3 Beds 3 Baths 2,634 sqft Built 1998

$549,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $208.77
  • 1 Days on Market
  • MLS # : 6188051
  • Updated Date : 01/31/2021 at 05:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,634 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this Modified beautiful Stonecrest. Lots of updates and spacious Bedrooms. Laundry room extended with an office/ craft room. Updated kitchen and SS appliance's two baths, 4 piece and full 5 piece master suite. patio doors to outside deck Pool --- Shasta built and added low maintenance system. and great out door area for enjoying. outside Grill, beautiful pergola. three car garage with lots of updates. call for your private viewing great additions fireplace and nice courtyard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Desert Breeze

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k380k

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

Neighborhood: Sun City Grand-Desert Breeze

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791968

* 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
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,910
Property Tax -$382
Property Insurance -$79
HOA -$11
Property Management Fees -$99
CASH FLOW
-$531

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.

$549,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,520

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
  • $1,850

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8053$1,9954$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 16229 W Hearthstone Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,634 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,634 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16767 W Weymouth Road Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2004
    property image
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,805
    • $0.73
    •  
  • 17054 W Bradford Way Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 17039 W Ipswitch Way Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 17017 W Limestone Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2005
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
PROPERTY LISTING DETAILS
Rhonda Hrdlicka
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188051
Last Updated: 01/31/2021
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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