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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $153.93
- 2 Days on Market
- MLS # : 6176395
- Updated Date : 01/02/2021 at 18:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,761 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
We really loved this home when we first saw it, we just felt that this is home the minute we walked in. This house just seemed to have that soul to it. It met so many of our needs at that time. It had large spacious rooms throughout. You will be amazed at the spaciousness right when you walk in the front door. The living room and dining area was bright and open with very tall ceilings. This home also had the bonus of having a guest bedroom with a full bath on the main floor. The great room and large kitchen overlook the covered patio and the large private pool in the back yard. The hardwood and ceramic tile floors on the first floor are a real plus. The kitchen has granite counter tops with a big kitchen Island and a large dining area along with stainless steel appliances. The oversized ma
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PRICE & RENT TRENDS
Neighborhood: Surprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Surprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$296 | |
| Property Insurance | -$81 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$154
|
||
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.
$425,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.1% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.67
YEARS SAVED
$16,753
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
-
$1,960
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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- $1,750
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LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,835
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17560 W Andora Street Surprise, AZ 5
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LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,850
- $0.73
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176395
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
