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16349 W Cameron Drive Surprise, AZ 85388

4 Beds 2 Baths 1,797 sqft Built 2009

INVESTimate

$295,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$319,308  ( +8.24%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $164.16
  • 3 Days on Market
  • MLS # : 6122064
  • Updated Date : 08/25/2020 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,797 sqft
  • Baths : 2 full
Listing Agent

Azreapm

Listing Agent's Description

YOU HAVE FOUND THE ONE! Don't miss this SPACIOUS corner lot in Sycamore Farms, it will not last long! This beautiful 4 bedroom, 2 bath abode totes an open kitchen with large granite island and updated cabinets! Find your solitude in the low maintenance, HUGE backyard with built in pergola, synthetic grass and desert landscape. The home backs a lush greenbelt, close to community playground and walking paths! Call this beauty yours and submit your offer today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k304k

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

Neighborhood: Sycamore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9791606

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,088
Property Tax -$205
Property Insurance -$62
HOA -$82
Property Management Fees -$99
CASH FLOW
-$177

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.

$295,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.24%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3603$1,4004$1,4755$1,600
$1,600
RENT COMPS ANALYSIS
  • 16349 W Cameron Drive Surprise, 2
    • 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.76
    •  
  • 16388 W Canterbury Drive Surprise, 1
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2006
    property image
    LEASED 05/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 15453 W Jenan Drive Surprise, 3
    • 3 beds 3 baths ∙ 1,747 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,747 Sqft ∙ Built 2007
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 16406 W Cortez Street Surprise, 4
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2012
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.83
    •  
  • 15836 W Sierra Street Surprise, 5
    • 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2008
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
PROPERTY LISTING DETAILS
John Fagundes
Azreapm
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122064
Last Updated: 08/25/2020
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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