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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $199.86
- 5 Days on Market
- MLS # : 6186238
- Updated Date : 01/29/2021 at 22:19
CONSTRUCTION
- Beds : 2
- Floor Size : 1,401 sqft
- Baths : 2 full
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
This lovely home comes with a popular open floor plan located in guard gated adult golf course community at Arizona Traditions. Recent improvements include New toilet & flooring in 2nd bathroom, new disposal, new sunscreens, and smoke detectors (2020/2021). New gas water heater (2019) and exterior freshly painted (2017). This spacious home features 2 split bedrooms for privacy + office/den, 2 full bathrooms, huge great room with vaulted ceilings, and a 2-car garage. Kitchen comes with oak cabinets, lots of counter space, electric stove/oven, microwave, dishwasher, refrigerator, pantry with pull-out drawers, & breakfast bar. Laundry in garage comes with washer & dryer. Plantation Shutters & ceiling fans through-out plus screened in patio make this one of a kind. A Must See!
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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 | $1,530 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$195 | |
| Property Insurance | -$55 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$49
|
||
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.
$280,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.55%
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
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
6
YEARS SAVED
$19,014
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
-
$1,405
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/15/19- Rent
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- $1,275
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18047 W Buena Vista Drive Surprise, AZ 3
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LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,400
- $1.00
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18067 W Hickcox Drive Surprise, AZ 4
- 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 1998
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,500
- $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
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186238
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.
