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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $153.71
- 2 Days on Market
- MLS # : 6173148
- Updated Date : 12/19/2020 at 10:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,821 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT! Open and spacious 3 bedroom, 2 bath home with Leased Solar Panels! Open concept Family room, dining room and Kitchen! New Granite countertops. NEW carpet, NEW paint throughout. Master bathroom features dual sinks, separate tub/shower, private toilet, and walk-in closet. Turf front and back. Covered patio with ceiling fans. Don't miss this one!!
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PRICE & RENT TRENDS
Neighborhood: Kingswood Parke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingswood Parke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$168 | |
| Property Insurance | -$63 | |
| HOA | -$14 | |
| 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.
$279,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.0% |
| 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
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
8.58
YEARS SAVED
$37,575
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,557
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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17621 N Kimberly Way Surprise, AZ 3
- 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.84
-
14930 W Evening Star Trail Surprise, AZ 1
- 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1998
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.79
-
14911 W Rampart Drive Surprise, AZ 2
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997
![property image]()
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,463
- $0.86
-
14716 W Lamoille Drive Surprise, AZ 4
- 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.85
-
17507 N Kimberly Way Surprise, AZ 5
- 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1997
![property image]()
LEASED 04/05/20- Rent
- Rent Per SQFT
- $1,675
- $0.92
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173148
Last Updated: 12/19/2020
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.
