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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $162.89
- 4 Days on Market
- MLS # : 6188533
- Updated Date : 02/06/2021 at 19:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,425 sqft
- Baths : 2 full , 1 half
Listing Agent
Mojica & Associates Real Estate
Listing Agent's Description
THIS IS IT! Gorgeous home on an OVERSIZED lot! Walk into a cozy family room perfect for movie night. A beautifully upgraded kitchen with QUARTZ countertops is just waiting for you to start baking ! Office downstairs perfect for working from home or can double as an additional bedroom or homeschool room. Enjoy the loft upstairs and spacious bedrooms. Backyard is your own personal oasis or perfect for fun family BBQ's and summer swim parties! A separate driveway to the RV gate and side yard. Garage has built in cabinets for storage! Close to schools, shopping and the 303. Do not wait on 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 | $1,860 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$275 | |
| Property Insurance | -$74 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$20
|
||
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.
$395,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.47%
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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
5.5
YEARS SAVED
$23,327
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,867
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
17567 W Hearn Road Surprise, AZ 3
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,860
- $0.77
-
17623 W Watson Lane Surprise, AZ 1
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,745
- $0.72
-
17547 W Ventura Street Surprise, AZ 2
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,835
- $0.76
-
17544 W Hearn Road Surprise, AZ 4
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,895
- $0.78
-
17574 W Hearn Road Surprise, AZ 5
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2004
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,995
- $0.82
PROPERTY LISTING DETAILS
Mojica & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188533
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.
