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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $201.16
- 4 Days on Market
- MLS # : 6159378
- Updated Date : 11/14/2020 at 21:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,894 sqft
- Baths : 2 full
Listing Agent
Richard Real Estate Llc
Listing Agent's Description
Beautiful home in the 55+ community of Sun City Grand. Golf courses, 2 recreation centers, pickleball and tennis facilities, workout facility, dog park, plus many other amenities Grand has to offer. This is Arizona lifestyle at its fullest! Great location inside of cul-de-sac. Plenty of natural light, plantation shutters, split floor plan, new carpet, and lovely front patio. Great floor plan and spacious back patio space for entertaining. Main bedroom has plenty of closet space and attached ensuite.
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Carlsbad
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Carlsbad
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,406 |
| Property Tax | -$228 | |
| Property Insurance | -$64 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$297
|
||
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.
$381,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | -0.6% |
| 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
$106,715
LOAN DETAILS
$1,406
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,250 |
| Loan Amount | $285,750 |
2.08
YEARS SAVED
$6,234
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
-
$1,567
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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17512 W Kartchner Court Surprise, AZ 1
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17020 W Halifax Lane Surprise, AZ 2
- 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003
LEASED 05/15/20- Rent
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- $1,395
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17005 W Tonbridge Street Surprise, AZ 3
- 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.77
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16930 W Bristol Lane Surprise, AZ 4
- 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
LEASED 10/27/19- Rent
- Rent Per SQFT
- $1,450
- $0.80
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16929 W Bristol Lane Surprise, AZ 5
- 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
LEASED 06/15/19- Rent
- Rent Per SQFT
- $1,575
- $0.87
PROPERTY LISTING DETAILS
Richard Real Estate Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159378
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.
