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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $182.26
- 2 Days on Market
- MLS # : 6187761
- Updated Date : 01/30/2021 at 18:29
CONSTRUCTION
- Beds : 2
- Floor Size : 1,934 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Welcome to the Golf Course Community of Sun City Grand. Spacious great room floor plan w/neutral tile floors, soothing palette, ceiling fans, plush carpet in all the right places, & Pride of Ownership throughout. Formal dining area w/patio access, breakfast bar, stylish counters, wine rack, shelves, pantry, kitchen skylight, & plenty of wood kitchen cabinets. Private den! Double french doors lead into the large owner's suite that includes beautiful views from the bay windows and huge walk-in closet. Generous size guest bedroom, 2 pristine baths, & interior laundry room w/a sink & storage cabinets. Charming backyard courtyard, meticulous desert landscape, & covered patio. Community Heated Pool, Spa, Clubhouse, Tennis Courts, & more. Take a tour & fall in love with this wonderful lifestyle!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-Jasper Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-Jasper Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,224 |
| Property Tax | -$256 | |
| Property Insurance | -$65 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$104
|
||
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.
$352,500
PROJECTED PRICE
$1,760
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$99,163
LOAN DETAILS
$1,224
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,125 |
| Loan Amount | $264,375 |
7.17
YEARS SAVED
$30,530
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
-
$1,881
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
20013 N Siesta Rock Drive Surprise, AZ 3
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LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,875
- $0.92
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16135 W Casa Bonita Court Surprise, AZ 4
- 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999
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LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
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17307 N Stone Haven Drive Surprise, AZ 5
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![property image]()
LEASED 01/18/21- Rent
- Rent Per SQFT
- $2,150
- $1.06
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187761
Last Updated: 01/30/2021
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.
