Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $149.04
- 3 Days on Market
- MLS # : 6199563
- Updated Date : 02/26/2021 at 23:53
CONSTRUCTION
- Beds : 4
- Floor Size : 2,851 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
WOW! Beautiful turnkey home located in the heart of Desert Oasis. This home has so many amazing features including a chef's kitchen with double ovens, granite countertops, cherry cabinets, black appliances, walk in pantry, and a brkfast bar, plantation shutters throughout, 4 large bdrms w/one downstairs your guests will truly enjoy. Feast your eyes on the stunning wood and iron staircase that leads to a loft and 3 more bdrms, a mstr bdrm that includes a balcony, nice sized bthrm with dbl sinks and a walk in closet complete w/built in cabinets. Enjoy the AZ weather and relax in this perfect backyard or take a swim in the pebble tec pool. This home comes equipped with a pelican water conditioner. Don't miss out on this immaculate home that definitely has pride of ownership, It's a MUST SEE!!
SEE MORE
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 | $1,800 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$254 | |
| Property Insurance | -$83 | |
| HOA | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$178
|
||
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.
$424,900
PROJECTED PRICE
$1,800
PROJECTED RENT
0.42%
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
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
3.33
YEARS SAVED
$11,904
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
-
$1,967
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
16763 W Lariat Lane Surprise, AZ 1
- 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
27234 N 175th Drive Surprise, AZ 2
- 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,725
- $0.63
-
23965 N 166th Lane Surprise, AZ 3
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.75
-
26023 N Sandstone Way Surprise, AZ 4
- 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005
LEASED 11/03/20- Rent
- Rent Per SQFT
- $2,000
- $0.69
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199563
Last Updated: 02/26/2021
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.
