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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $196.26
- 1 Days on Market
- MLS # : 6197240
- Updated Date : 02/21/2021 at 02:17
CONSTRUCTION
- Beds : 2
- Floor Size : 1,656 sqft
- Baths : 1 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This beautifully upgraded Idylwilde home in the desired Arizona Traditions golf community is ready to impress. This 2 bedroom home has an additional office area and an oversized, extended laundry room to give plenty of space. The remodeled kitchen and bathroom added granite countertops and cabinets, plus updated flooring throughout. The tranquil backyard boasts an extended covered patio and beautifully designed landscape. Come see why Arizona Traditions is one of the top adult communities, offering guarded entrance, lush 18 hole golf course, 3 community centers, multiple pools, sports bar, ballroom and so much 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 | $1,770 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$226 | |
| Property Insurance | -$59 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$97
|
||
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.
$325,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.54%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.67
YEARS SAVED
$26,087
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,565
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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17837 W Arizona Drive Surprise, AZ 1
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- $1,400
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.89
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17987 W Ryans Way Surprise, AZ 4
- 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
- $0.89
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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
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197240
Last Updated: 02/21/2021
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.
