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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $175.30
- 3 Days on Market
- MLS # : 6199498
- Updated Date : 02/27/2021 at 17:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,968 sqft
- Baths : 2 full
Listing Agent
Rosemond Real Estate
Listing Agent's Description
ORIGINAL OWNERS HAVE TAKEN GREAT CARE OF THIS FINE HOME--3 BEDROOMS PLUS DEN/OFFICE WITH DOUBLE DOOR ENTRY THAT CAN EASILY BE YOUR 4TH BEDROOM--VAULTED CEILINGS THROUGHOUT THE HOME---FRONT LIVING ROOM + DINING AREA---OPEN KITCHEN WITH STAINLESS APPLIANCES, PANTRY WITH SLIDING SHELVES + POT SHELVES--REAR FAMILY ROOM WITH GAS FIREPLACE--EXIT FAMILY ROOM TO COZY COVERED PATIO OVERLOOKING NICE AREA WITH ARTIFICIAL GRASSY PAD SURROUNDING PARTIALLY SUNKEN HOT TUB...PERFECT SET UP FOR BEAUTIFUL EVENINGS ON THE PATIO UNDER THE STARS--ENTER THE MASTER BATHROOM OFF OF PATIO--LARGE MASTER BEDROOM WITH WALK-IN CLOSET & DOUBLE DOOR ENTRANCE TO HALLWAY---INSIDE LAUNDRY WITH NICE FRONT LOADER WASHER/DRYER COMBO--A/C UNIT, DISHWASHER, RANGE & WATER HEATER REPLACED ABOUT 5 YEARS AGO--APPLIANCES CONVEY +
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PRICE & RENT TRENDS
Neighborhood: Continental at Kingswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Continental at Kingswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$206 | |
| Property Insurance | -$66 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$53
|
||
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.
$345,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.67
YEARS SAVED
$16,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,569
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
17123 N Melissa Lane Surprise, AZ 1
- 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16434 N 152nd Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2004
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,450
- $0.78
-
15434 W Cottonwood Circle Surprise, AZ 3
- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,550
- $0.83
-
15047 W Rockrose Way Surprise, AZ 4
- 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.77
-
15143 W Bola Drive Surprise, AZ 5
- 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2005
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.81
PROPERTY LISTING DETAILS
Rosemond Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199498
Last Updated: 02/27/2021
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.
