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16281 W Tasha Drive Surprise, AZ 85374

4 Beds 3 Baths 2,030 sqft Built 2000

$289,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $142.36
  • 3 Days on Market
  • MLS # : 6164912
  • Updated Date : 11/27/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Check out this well-maintained 2-story home in Surprise, located off Loop 303! 4 bedroom, 2.5 bath, with loft, all tile downstairs and newly installed wood laminate upstairs. Kitchen is open to family room with island, pantry and bay window. Master bedroom has vaulted celling, private toilet room and separate tub/shower. Backyard features covered patio, extended paver area, grass and dog run. Telsa solar lease and grandfathered APS plan makes this home a great find in the valley of the sun.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9021567

* 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
Parkview Elementary School Primary Regular 880 44 3
Parkview Elementary School Middle Regular 880 44 3
Willow Canyon High School High Regular 2,084 83 3

Parkview Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Parkview Elementary School

  • Education Level: Middle
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,066
Property Tax -$201
Property Insurance -$67
HOA -$8
Property Management Fees -$99
CASH FLOW
$129

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.

$289,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$34,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6003$1,6854$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 16281 W Tasha Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.77
    •  
  • 15870 N 162nd Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2002
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 16242 W Central Street Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2001
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.89
    •  
  • 15886 W Statler Street Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1998
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 16228 N 160th Avenue Surprise, AZ 5
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1999
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Liz Contreras
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164912
Last Updated: 11/27/2020
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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