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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $182.63
- 2 Days on Market
- MLS # : 6157036
- Updated Date : 11/28/2020 at 11:27
CONSTRUCTION
- Beds : 2
- Floor Size : 1,911 sqft
- Baths : 2 full
Listing Agent
Long Realty West Valley
Listing Agent's Description
Beautiful Ingleside model located in the guard gated adult golf community of Arizona Traditions.1911 sq.ft. North/South Lot. Front walk-way leads to the entrance of the home with Security Screen Door. Open floor plan concept. Two bedrooms. Tile Throughout. Kit Island. Granite Counters, updated cabinets, sink/faucet. Spacious Master Bedroom with Walk-in Closet. Master Bath with double sinks. Separate Den/office with plantation shutters. Large laundry/craft room. From the great room enter private backyard with covered extended Patio and Desert landscaping. Fully fenced with block wall. Solar Energy. Garage features built-in cabinets, epoxy floor. Work area. Move in ready. Arizona Traditions features golf, pickleball,3 community centers,3 pools, woodshop, workout facility and more
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PRICE & RENT TRENDS
Neighborhood: Arizona Traditions
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arizona Traditions
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$243 | |
| Property Insurance | -$64 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$184
|
||
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.
$349,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
2.75
YEARS SAVED
$9,012
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,772
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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17683 W Buena Vista Drive Surprise, AZ 4
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- Rent
- Rent Per SQFT
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- $0.87
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18067 W Hickcox Drive Surprise, AZ 1
- 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 1998
LEASED 04/01/20- Rent
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- $1,500
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17987 W Ryans Way Surprise, AZ 2
- 2 beds 2 baths ∙ 1,800 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,800 Sqft ∙ Built 1997
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,600
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-
18643 N Granite Court Surprise, AZ 3
- 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
17628 W Lotten Drive Surprise, AZ 5
- 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2001
LEASED 09/26/20- Rent
- Rent Per SQFT
- $1,700
- $1.00
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157036
Last Updated: 11/28/2020
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.
