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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $226.87
- 1 Days on Market
- MLS # : 6263792
- Updated Date : 07/13/2021 at 19:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,464 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
GOLDEN OPPORTUNITY to own an golf-course home in The Pinnacle of prestigious Sun City Grand. Situated on the 5th hole of the Granite Falls South Course with spectacular ONE-OF-A-KIND fairway-length views, the extra-large lot provides amazing privacy. Original Owner spared no cost when home was built. Professionally landscaped ($70,000), with water features front and back, plantation shutters, Jacuzzi tub, built in BBQ, CAT5, surround sound, security system, newer oven and AC with many years of life remaining. Elaborate landscape with pomegranate, and citrus including lemon, pink grapefruit, AZ sweet orange and Naval Orange. Don't miss your chance to create your perfect paradise in the Valley of the Sun.
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-The Pinnacle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-The Pinnacle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,942 |
| Property Tax | -$382 | |
| Property Insurance | -$75 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$529
|
||
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.
$559,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$153,885
LOAN DETAILS
$1,942
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $139,750 |
| Loan Amount | $419,250 |
1.17
YEARS SAVED
$2,854
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
-
$2,002
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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16499 W Limestone Drive Surprise, AZ 1
- 3 beds 2 baths ∙ 2,464 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,464 Sqft ∙ Built 1999
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LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,695
- $0.78
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17136 W Young Street Surprise, AZ 3
- 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2005
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LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,850
- $0.76
-
16121 N 168th Avenue Surprise, AZ 4
- 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2003
![property image]()
LEASED 03/13/21- Rent
- Rent Per SQFT
- $2,250
- $0.88
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16776 W Aberdeen Drive Surprise, AZ 5
- 3 beds 4 baths ∙ 2,725 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,725 Sqft ∙ Built 2003
![property image]()
LEASED 04/01/21- Rent
- Rent Per SQFT
- $2,250
- $0.83
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263792
Last Updated: 07/13/2021
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.
