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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $136.27
- 2 Days on Market
- MLS # : 6206939
- Updated Date : 03/13/2021 at 16:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,862 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Desert Showcase
Listing Agent's Description
Amazing! This is your chance to own a gorgeous home with great location in Surprise. Walk in and be greeted by soaring high ceilings and an inviting living room perfect for receiving guests. Walk further and you'll find a lovely kitchen showcasing matching white appliances, honey oak cabinetry, and pantry. There is also a cozy breakfast room with sunny windows! Venture upstairs to find a large loft great for movie nights or entertainment. All the bedrooms are oversized, the downstairs master bedroom suite, you'll find a full bath comprised of dual sinks, separate tub/shower, and walk-in closet. Large backyard is comprised of a covered patio, trees, fenced pool & spa, and ample space to customize to your own liking. Your dream home awaits. Stop searching and start calling
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PRICE & RENT TRENDS
Neighborhood: Surprise Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Surprise Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$271 | |
| Property Insurance | -$83 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
3.92
YEARS SAVED
$14,151
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$1,910
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
16803 W Central Street Surprise, AZ 1
- 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,760
- $0.61
-
16395 W Post Drive Surprise, AZ 2
- 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2002
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,850
- $0.66
-
16843 W Ironwood Street Surprise, AZ 3
- 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2003
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,895
- $0.63
-
15157 N 174th Drive Surprise, AZ 4
- 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,881 Sqft ∙ Built 2003
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,895
- $0.66
-
17150 W Post Drive Surprise, AZ 5
- 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,050
- $0.72
PROPERTY LISTING DETAILS
Re/max Desert Showcase
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206939
Last Updated: 03/13/2021
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.
