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16499 W Limestone Drive Surprise, AZ 85374

3 Beds 2 Baths 2,464 sqft Built 1999

$559,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-The Pinnacle

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $109k542k

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

Neighborhood: Sun City Grand-The Pinnacle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792039

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

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

$503,100$614,900$559,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,002

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8504$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 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
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17955 N 168th Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 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
    property image
    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
    •  
  • 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
Victoria Lisa Love
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263792
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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