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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $131.10
- 3 Days on Market
- MLS # : 6195264
- Updated Date : 02/20/2021 at 23:28
CONSTRUCTION
- Beds : 4
- Floor Size : 3,318 sqft
- Baths : 2 full , 1 half
Listing Agent
Arizona Premier Realty Homes & Land, Llc
Listing Agent's Description
*Exceptionally Gorgeous * Upgraded Home* Hurry, come see this beautiful gently lived in Vacation home! Entertainers dream featuring a Pebble Tec Play Pool & Water Feature, Extended Covered Patio, Enormous Loft with room for a pool table AND a movie theater, plus a Bonus Loft. Remarkable Upgrades include Versailles Patterned Travertine Floors throughout the main level and bathrooms, Attractive Granite Kitchen Counter Tops with Hickory Cabinets, Interior Custom Painted, Exterior Paint in 2018. Remodeled backyard in 2019 with additional concrete pad, cool decking, huge firepit, outdoor seating, and low maintenance landscaping. Energy saving Ceiling Fans throughout, 90% Sun Block Screens on every window, and High Efficiency LED Recessed Lighting throughout.
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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 | $1,930 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$302 | |
| Property Insurance | -$92 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$94
|
||
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.
$435,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.44%
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
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
4.08
YEARS SAVED
$16,620
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.58
LIST RENT PER SQFT
-
$2,157
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
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17764 W Crocus Drive Surprise, AZ 1
- 4 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,930
- $0.58
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18026 W Desert Lane Surprise, AZ 2
- 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2007
LEASED 05/17/20- Rent
- Rent Per SQFT
- $1,945
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15715 N 172nd Lane Surprise, AZ 3
- 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.65
-
17874 W Bloomfield Road Surprise, AZ 4
- 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 2008
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,095
- $0.64
-
17827 W Hearn Road Surprise, AZ 5
- 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2005
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,195
- $0.66
PROPERTY LISTING DETAILS
Arizona Premier Realty Homes & Land, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195264
Last Updated: 02/20/2021
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.
