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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $150.68
- 3 Days on Market
- MLS # : 6184521
- Updated Date : 01/22/2021 at 18:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,291 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Come enjoy this fabulous 2 story 4 bedroom, 3 bathroom home in Surprise, Arizona. The over-sized kitchen has a large island, a spacious pantry, dark countertops, and looks into the sunny living room. Upstairs is a large loft, that allows the owner to use this space in whatever capacity best meets their needs. The connecting bathroom in the roomy primary bedroom has an over-sized walk-in closet, double sinks, shower, and a relaxing corner tub. The sun-drenched backyard has a covered patio, and the pool has a bridge and a built-in firepit. This plush abode is less than 8 minutes away from Sun Valley trailhead, a 12-minute drive to the Wild Life World Zoo, and has 6 golf courses within a 10-mile radius.
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PRICE & RENT TRENDS
Neighborhood: Sierra Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Montana
* 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 | -$1,199 |
| Property Tax | -$240 | |
| Property Insurance | -$72 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$30
|
||
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.
$345,200
PROJECTED PRICE
$1,660
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$97,228
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,300 |
| Loan Amount | $258,900 |
5.58
YEARS SAVED
$21,370
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,753
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
17241 W Caribbean Lane Surprise, AZ 2
- 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,660
- $0.72
-
17313 W Saguaro Lane Surprise, AZ 1
- 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2005
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.72
-
17440 W Caribbean Lane Surprise, AZ 3
- 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2004
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.79
-
17423 W Saguaro Lane Surprise, AZ 4
- 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2005
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,795
- $0.75
-
15143 N 172nd Drive Surprise, AZ 5
- 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 2003
![property image]()
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,825
- $0.80
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184521
Last Updated: 01/22/2021
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.
