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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $172.30
- 2 Days on Market
- MLS # : 6169160
- Updated Date : 12/12/2020 at 12:22
CONSTRUCTION
- Beds : 2
- Floor Size : 2,321 sqft
- Baths : 2 full
Listing Agent
Larry Ott Realty
Listing Agent's Description
Double master model with an open den. Super great room, formal dining room, living room, large laundry room. Lot is fully fenced with a low maintenance yard. Patio has been extended and has finished with beautiful brick pavers. Dual a/c system. Kitchen is huge with island and butler's pantry. the den is the open archway den, with very large second master. This is an awesome opportunity to live within the guard gated community of Arizona Traditions. enjoy the clubhouse, golf, and many amenties. Owned water softener, plantation shutters. Patio has a built in gas bbq and gas firepit. MUST SEE THIS HOME!!!
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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 | $2,020 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$278 | |
| Property Insurance | -$72 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$65
|
||
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.
$399,900
PROJECTED PRICE
$2,020
PROJECTED RENT
0.51%
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
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
4.5
YEARS SAVED
$21,154
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
-
$1,903
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
18021 W Sammy Way Surprise, AZ 1
- 2 beds 2 baths ∙ 2,321 Sqft ∙ Built 2005 2 beds 2 baths ∙ 2,321 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
18234 W Stinson Drive Surprise, AZ 2
- 2 beds 2 baths ∙ 2,318 Sqft ∙ Built 2010 2 beds 2 baths ∙ 2,318 Sqft ∙ Built 2010
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,900
- $0.82
PROPERTY LISTING DETAILS
Larry Ott Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169160
Last Updated: 12/12/2020
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.
