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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $143.95
- 2 Days on Market
- MLS # : 6174579
- Updated Date : 12/26/2020 at 08:39
CONSTRUCTION
- Beds : 3
- Floor Size : 2,605 sqft
- Baths : 2 full , 1 half
Listing Agent
Sun Cactus Realty, Llc
Listing Agent's Description
B E A U T I F U L move in ready home with upgrades galore. This floor plan features a room downstairs that is currently a den and also a large loft upstairs. The model can easily be converted into a 4 or 5 bedroom home. The kitchen has gourmet built in appliances and a custom subway tile backsplash with beautiful 48'' upper cabinets featuring bronze pulls. The interior has wood plank tile and upgraded berber carpet with black accent doors, custom light fixtures and ceiling fans for a stylish finish. This home has the optional under staircase storage, deep linen closets and a nook in the garage for all your storage needs. All bedrooms have walk in closets! The backyard features an optional extended covered patio and a HUGE LOT with a 12 foot rear privacy wall and no 2 story homes looking.
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PRICE & RENT TRENDS
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$196 | |
| Property Insurance | -$78 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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.
$375,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.8% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.33
YEARS SAVED
$24,943
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
-
$1,719
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
17178 W Straight Arrow Lane Surprise, AZ 1
- 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
27234 N 175th Drive Surprise, AZ 2
- 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2015
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,725
- $0.63
-
26023 N Sandstone Way Surprise, AZ 3
- 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2005
LEASED 11/03/20- Rent
- Rent Per SQFT
- $2,000
- $0.69
PROPERTY LISTING DETAILS
Sun Cactus Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174579
Last Updated: 12/26/2020
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.
