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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $111.75
- 2 Days on Market
- MLS # : 6170831
- Updated Date : 12/12/2020 at 16:08
CONSTRUCTION
- Beds : 5
- Floor Size : 3,803 sqft
- Baths : 4 full
Listing Agent
West Usa Realty
Listing Agent's Description
This Beautiful Home can be YOURS! Tranquil location with the lot nestled in a corner, and no neighbors on one side, PLUS across from a park! Picture relaxing in this backyard (AMAZING STONE FIREPLACE)! 3 Car Garage w/cabinets, 1st floor Bed & Bath w/shower, RV gate w/cement drive on side of home, tile flooring, winding staircase w/iron rails, neutral paint tones throughout! Entertain your guests in the great room & formal dining room while the chef creates a culinary delight! A island w/bar seating, butlers & walk-in pantry, granite counters & custom cabinets grace the kitchen! Upstairs in the spacious loft, play a board game, or watch a movie! Double doors to the large Master w/MOUNTAIN VIEWS & TWO walk in closets! One bedroom includes an en-suite!
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PRICE & RENT TRENDS
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$254 | |
| Property Insurance | -$101 | |
| HOA | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$9
|
||
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.
$425,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
5.5
YEARS SAVED
$29,648
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,244
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
-
16481 W El Cortez Place Surprise, AZ 1
- 5 beds 4 baths ∙ 3,803 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,803 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16741 W Tether Trail Surprise, AZ 2
- 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006
![property image]()
LEASED 12/21/19- Rent
- Rent Per SQFT
- $2,095
- $0.59
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170831
Last Updated: 12/12/2020
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.
