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

16802 W Tudor Lane Surprise, AZ 85387

2 Beds 2 Baths 2,075 sqft Built 2003

$399,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $192.72
  • 2 Days on Market
  • MLS # : 6157632
  • Updated Date : 11/07/2020 at 04:21
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,075 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

One of Sun City Grand's most sought after Floorplans. This Sierra (2075 sq,) has, Den/Office off the Foyer, an Extended 2 Car Garage with Golf Cart Tandem and is situated on a large private corner lot in the Regents Enclave. Chef's kitchen with Upgraded Gas Cooktop, Newer Upgraded Stainless Appliances, Maple Cabinetry, Newer Granite, Kitchen Island and large Nook Area with Bay Window. Master Suite has another Bay Window, newer Berber Carpet, and ample space to create a TV Sitting Area, Private Office or Private Gym. Raised Panel Doors, Tile Throughout, Surround Sound, Sun Screens, and set of Regular Screens. Outside an Extended Rear Patio with Built-in BBQ, Soothing Water Feature, and Lush Landscaping, creating a private yet open Entertainers Dream. A'' Must See'' Move-in Ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand the Regent

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $109k533k

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

Neighborhood: Sun City Grand the Regent

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792046

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,475
Property Tax -$278
Property Insurance -$68
HOA -$11
Property Management Fees -$99
CASH FLOW
-$271

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.

$399,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,259

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
  • $1,743

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 16802 W Tudor Lane Surprise, AZ 1
    • 2 beds 2 baths ∙ 2,075 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,075 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16525 W Arroyo Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 20414 N 150th Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,787 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,787 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 16417 W Desert Lily Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 20029 N Cielo Court Surprise, AZ 5
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Eileen Gow
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157632
Last Updated: 11/07/2020
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.

BESbswy