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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $137.35
- 3 Days on Market
- MLS # : 6193768
- Updated Date : 02/12/2021 at 23:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,439 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Beautiful NEWLY remodeled home in Surprise. Fresh interior & exterior paint, fully remodeled kitchen with NEW quartz countertops, sink, faucet, fixtures, NEW range & microwave & newer dishwasher & fridge. 4 bedrooms + a den, 3 baths, 3 car garage, with 1 full bed & bathroom shower downstairs. Upstairs master has large master bath with separate tub and shower and walk-in closet. No back neighbors, yard backs up to water retention/park. Landscaped grass in front and back. Move in Ready!
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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 | $1,720 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$233 | |
| Property Insurance | -$75 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$130
|
||
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.
$335,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.51%
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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
7.33
YEARS SAVED
$29,967
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,921
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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17629 W Maui Lane Surprise, AZ 1
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- Rent Per SQFT
- $1,720
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17423 W Saguaro Lane Surprise, AZ 2
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LEASED 04/30/20- Rent
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- $1,795
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LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,825
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17616 W Caribbean Lane Surprise, AZ 4
- 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.80
-
17764 W Acapulco Lane Surprise, AZ 5
- 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2004
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,995
- $0.80
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193768
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.
