Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16260 W Sierra Street Surprise, AZ 85379

4 Beds 4 Baths 2,845 sqft Built 2016

$435,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $152.90
  • 3 Days on Market
  • MLS # : 6178561
  • Updated Date : 01/08/2021 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,845 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This home has it all. From a gourmet kitchen to a big backyard for the kids. 4 bed 3.5 bath. When you enter the kitchen everyone will be amazed by the quartz countertops and the white cabinets with stainless appliances. The home also features 2 master bedrooms for the Next Gen option or it could be used as a guest area or office. Home has been upgraded with all the Energy efficient items from thicker insulation to solar. The master bathroom has a full walk-in shower with room for 2. The backyard currently has pavers and a built in hammock and plenty of room to add whatever you want including a pool! Don't miss the chance to own your dream home come see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k358k

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

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
Sonoran Heights Elementary School Primary Regular 961 42 7
Sonoran Heights Elementary School Middle Regular 961 42 7
Shadow Ridge High School High Regular 1,735 77 4

Sonoran Heights Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Sonoran Heights Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,511
Property Tax -$302
Property Insurance -$83
HOA -$75
Property Management Fees -$99
CASH FLOW
-$80

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$17,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,652
1$1,6522$1,8003$1,8954$1,9505$1,990
$1,990
RENT COMPS ANALYSIS
  • 16260 W Sierra Street Surprise, AZ 5
    • 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.70
    •  
  • 16163 W Yucatan Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,652
    • $0.61
    •  
  • 16090 W Shaw Butte Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,827 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,827 Sqft ∙ Built 2019
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.64
    •  
  • 15781 W Mercer Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.67
    •  
  • 11383 N 161st Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2005
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.68
    •  
PROPERTY LISTING DETAILS
Shane Peters
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178561
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy