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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $166.30
- 3 Days on Market
- MLS # : 6193212
- Updated Date : 02/12/2021 at 00:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,255 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Conveniently located near the 303, this 1-level home sits on a spacious corner lot w/a huge side yard - perfect for all your toys. 3 bdrms plus a bonus room - think den, playroom, craft room. Fresh & clean w/new carpet and luxury vinyl plank flooring. High ceilings & a garage deep enough for a full sized truck. Corian counters in the kitchen, all appliances stay including the washer & dryer. Triple zoned a/c w/two units. Owner suite w/door to the large covered, extended patio w/a view of the south mountains. Located near Luke AFB, this neighborhood has 3 parks w/walking trails. Pride of ownership shows here - perfect move in condition!
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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 | $1,570 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$261 | |
| Property Insurance | -$71 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$233
|
||
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.
$375,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.42%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
2.33
YEARS SAVED
$6,139
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,691
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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17611 W Pershing Street Surprise, AZ 2
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- Rent
- Rent Per SQFT
- $1,570
- $0.70
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17571 W Eugene Terrace Surprise, AZ 1
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LEASED 08/04/20- Rent
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- $1,549
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17560 W Voltaire Street Surprise, AZ 3
- 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
-
17547 W Ventura Street Surprise, AZ 4
- 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 5
- 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
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193212
Last Updated: 02/12/2021
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.
