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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $180.58
- 2 Days on Market
- MLS # : 6160598
- Updated Date : 11/14/2020 at 21:24
CONSTRUCTION
- Beds : 2
- Floor Size : 2,209 sqft
- Baths : 2 full , 1 half
Listing Agent
Long Realty West Valley
Listing Agent's Description
Presenting a 2209SF PAPAGO w/BAR on view lot in 55+ AZ Traditions! Unique flrplan offering two lg split bedrms, big den, plus 2.5 baths! Spacious greatrm open to built-in bar, living rm, dining rm & kitchen. Large neutral tile flows thru all walkways & baths, w/upgr carpet in bedrms. The island kitchen offers rich mocha cherry cabs, SS appls inc dual fuel (gas/convection) range, huge walk-in pantry, breakfast bar. Large formal dining bay views trees & 8th green! Big master has ensuite bath w/garden tub & walk-in shower, plus BIG walk-in closet & priv patio exit. Den/Office w/dbl-door entry for privacy or extra guests! Guest Bedrm has walk-in closet & could be 2nd master! Beautiful backyard w/covered patio & pavers extends patio use! Amazing mtn views from front courtyard! YOU MUST SEE!
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PRICE & RENT TRENDS
Neighborhood: Arizona Traditions
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arizona Traditions
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$277 | |
| Property Insurance | -$70 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$418
|
||
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.
$398,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$111,459
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,725 |
| Loan Amount | $299,175 |
0.83
YEARS SAVED
$1,562
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
-
$1,767
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
17031 N White Tank Vista Surprise, AZ 1
- 2 beds 3 baths ∙ 2,209 Sqft ∙ Built 2011 2 beds 3 baths ∙ 2,209 Sqft ∙ Built 2011
- 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
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160598
Last Updated: 11/14/2020
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.
