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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $210.31
- 3 Days on Market
- MLS # : 6186559
- Updated Date : 01/29/2021 at 23:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,426 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
WOW, WHAT A BEAUTY!!! Come check out this amazing 3 bedroom 2 bath home situated in the community of Desert Oasis Surprise. The kitchen includes Brazilian smoky quartz granite countertops, white subway tile backsplash, kitchen pantry, black appliances, and a breakfast bar. Hardwood natural oak flooring in the great room, carpet and 20 inch tile throughout. Bathrooms have been upgraded with new cabinets, countertops, and double sinks in the master bath along with a soft closing toilet and bidet. Step out and enjoy the Arizona weather and entertain your guests in the large landscaped backyard. You'll love being within walking distance to the community pool, scenic walking trails and green belts. Families with small children will appreciate the K-8 onsite school. Hurry this one won't last!!!
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PRICE & RENT TRENDS
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$157 | |
| Property Insurance | -$55 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$131
|
||
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.
$299,900
PROJECTED PRICE
$1,300
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.8% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
3.33
YEARS SAVED
$8,276
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,387
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
17684 W Molly Lane Surprise, AZ 1
- 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
17682 W Cavedale Drive Surprise, AZ 2
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006
![property image]()
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,400
- $0.84
-
17634 W Red Bird Road Surprise, AZ 3
- 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2008
![property image]()
LEASED 09/07/19- Rent
- Rent Per SQFT
- $1,450
- $1.01
-
17404 W Molly Lane Surprise, AZ 4
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2020
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.06
-
17642 W Red Bird Road Surprise, AZ 5
- 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2008
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186559
Last Updated: 01/29/2021
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.
