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16708 W Villa Lane Surprise, AZ 85387

2 Beds 2 Baths 1,500 sqft Built 2004

$315,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $210.00
  • 1 Days on Market
  • MLS # : 6170879
  • Updated Date : 12/13/2020 at 00:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Great Find at a Great Price! Tucked Away AZALEA Model on a Beautiful Homesite filled with PRIVACY! Charming Front Courtyard with Gate. Beautiful Leaded Glass Front Door. Epoxied EXTENDED GARAGE (big enough for two cars and golf cart). 2X6 Construction. Solar Blanket and Solar Fan in Attic. 2 Solar Tubes. Kitchen with Upgraded Gas Range, Maple Cabinets. Master Suite has a Bay Window with Blackout Window Coverings. Master Bath with Enclosed Water Closet and Roomy Walk in Closet. Fabulous North East Facing Patio with Planter, Privacy Walls, Lush Landscaping, Extended Patio Covering, Ceiling Fan, Gas Bibb for BBQ. Inside Laundry Room with Maytag Washer and Maytag Gas Dryer that Convey. Other Features: Surround Sound, Newer Hot Water Heater, Sink at Garage, Raised Panel Interior Doors, Hurry!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Durango

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k374k

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

Neighborhood: Sun City Grand Durango

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791769

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,162
Property Tax -$219
Property Insurance -$56
HOA -$11
Property Management Fees -$99
CASH FLOW
-$48

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.

$315,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,690

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
  • $1,598

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4004$1,4955$1,800
$1,800
RENT COMPS ANALYSIS
  • 16708 W Villa Lane Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15961 W Wildflower Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.97
    •  
  • 19915 N Echo Rim Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 16149 W Quail Creek Lane Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.19
    •  
  • 19765 N Wind Rose Way Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
PROPERTY LISTING DETAILS
Catherine Barton
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170879
Last Updated: 12/13/2020
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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