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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $199.79
- 3 Days on Market
- MLS # : 6162882
- Updated Date : 11/21/2020 at 16:36
CONSTRUCTION
- Beds : 2
- Floor Size : 1,401 sqft
- Baths : 2 full
Listing Agent
Kenneth James Realty
Listing Agent's Description
Welcome to this beautifully cared for 1401 sq/ft Ocotillo. This 2 bdrm/2 bath w/den boasts porcelain tile, new carpeting bdrms 3/20; new HVAC 5/20; new irrigation system 9/19 & neutral paint throughout this gorgeous home. Kitchen has granite countertops, S/S appliances, gas stove & breakfast bar. Master and great room have vaulted ceilings with upgraded fans. Second bdrm is split for privacy. Garage has coated flooring and new garage door opener in 7/20. Out to the extended patio a desert landscaped backyard with pony wall, outdoor fan, roll-down shades, outdoor lighting, and plenty of room for entertaining. Traditions has clubs, pickleball, softball, 3 pools, sports bar,18 hole golf course. Home shows pride of ownership & has has been meticulously maintained w/ many upgrades!
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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 | $1,410 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$195 | |
| Property Insurance | -$55 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$131
|
||
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.
$279,900
PROJECTED PRICE
$1,410
PROJECTED RENT
0.50%
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
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
3.17
YEARS SAVED
$8,146
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
Kenneth James Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162882
Last Updated: 11/21/2020
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.
