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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $173.46
- 5 Days on Market
- MLS # : 6181444
- Updated Date : 01/20/2021 at 18:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,948 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Gorgeous well maintained, upgraded Trend home in a highly desirable location! Great curb appeal with newer exterior paint, front porch stone elevation, & corner lot. Family room has wood laminate flooring, extra can lighting & gas fireplace. Kitchen features white cabinets, granite counters, stainless appliances w/gas range & R/O drinking water system. Stairs, upstairs hallway & loft also have the wood flooring. 3 more bdr's + a den & secondary bath upstairs. Master has unique round entry architecture, double vanities, walk in shower & large walk in closet. Backyard is fully landscaped w/extended concrete patio, concrete walkway & lush mature landscaping. More upgrades include air ducts recently cleaned, A/C svc contract & whole house water softener. A must see home!
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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 | $1,410 |
| EXPENSES | Loan Payment | -$1,174 |
| Property Tax | -$235 | |
| Property Insurance | -$65 | |
| HOA | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$235
|
||
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.
$337,900
PROJECTED PRICE
$1,410
PROJECTED RENT
0.42%
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
$95,294
LOAN DETAILS
$1,174
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,475 |
| Loan Amount | $253,425 |
1.67
YEARS SAVED
$3,669
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,495
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
17169 W Statler Street Surprise, AZ 2
- 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $0.72
-
15425 N 172nd Drive Surprise, AZ 1
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2003
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LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,325
- $0.74
-
17134 W Ironwood Street Surprise, AZ 3
- 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2005
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,475
- $0.76
-
17452 W Caribbean Lane Surprise, AZ 4
- 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,575
- $0.78
-
15923 N 174th Avenue Surprise, AZ 5
- 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2004
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,575
- $0.79
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181444
Last Updated: 01/20/2021
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.
