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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $190.16
- 3 Days on Market
- MLS # : 6190038
- Updated Date : 02/06/2021 at 18:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,103 sqft
- Baths : 2 full
Listing Agent
Keller Williams Elite
Listing Agent's Description
Stunning 3bed/2bath Surprise home available in Sierra Montana. Great curb appeal leads you into the spacious open concept floor plan with tile flooring and soaring vaulted ceilings. Stylish kitchen would delight any chef with stainless steel appliances, granite counter tops, a plethora of handsome dark cabinetry, center island and breakfast bar seating. Perfect for gathering with friends and family. Master retreat with french doors to patio, includes private en suite. The amazing outdoor entertaining area is complete with extended length covered patio and sparkling pool/spa for a true backyard oasis! Adjacent to walking trail / green space for more privacy and only 1 story homes around. Extended Garage -4 FT! Solar system is excellent with VERY low electric bills! Don't miss this one!
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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 | $1,550 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$278 | |
| Property Insurance | -$68 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$304
|
||
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.
$399,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.39%
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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
1.58
YEARS SAVED
$3,707
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
-
$1,593
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/04/20- Rent
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- $1,549
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- 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,575
- $0.78
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17560 W Voltaire Street Surprise, AZ 4
- 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2006
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,595
- $0.74
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17440 W Caribbean Lane Surprise, AZ 5
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LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.79
PROPERTY LISTING DETAILS
Keller Williams Elite
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190038
Last Updated: 02/06/2021
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.
