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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $173.09
- 3 Days on Market
- MLS # : 6170161
- Updated Date : 12/11/2020 at 15:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,895 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Extraordinary Like New Home with Modern Open Floorplan!! Upgraded Kitchen Featuring White Shaker Cabinets with Nickel handles, Quartz Counter tops, Newer Stainless Appliances with Double Oven & Refrigerator, Oversized Island with Farmhouse Sink, Upgraded Pendant & Can Lighting and Huge Walk in Pantry! Newer Tahoe Gray Plank Tile throughout Main Home with Modern Baseboards, New Carpet in Bedrooms, 9+ Foot Ceilings, Custom Fans & Fixtures, Neutral Paint, Upgraded Vanities in Bathrooms with Marble Counters, Large Laundry Room Including Newer Washer and Dryer and the List Goes on! Step Out to your Private Backyard with Custom Paver Covered Patio, Additional Paver Patio Area for Entertaining and BBQ's, Nice Grass Area for the kids and Fido with Custom corner lot and Mountain Views! Fabulous
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PRICE & RENT TRENDS
Zip Code: 85387
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85387
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,210 |
| Property Tax | -$202 | |
| Property Insurance | -$64 | |
| HOA | -$62 | |
| 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 15% of earned rent to cover both maintenance and periods of vacancy.
$328,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$92,670
LOAN DETAILS
$1,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,000 |
| Loan Amount | $246,000 |
3.83
YEARS SAVED
$13,729
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,712
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
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18450 W Louise Drive Surprise, AZ 2
- 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2018
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
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18440 W Ida Lane Surprise, AZ 3
- 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2018
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
17918 W Via Del Sol -- Surprise, AZ 4
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2018
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170161
Last Updated: 12/11/2020
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.
