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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $206.19
- 2 Days on Market
- MLS # : 6204040
- Updated Date : 03/20/2021 at 18:21
CONSTRUCTION
- Beds : 3
- Floor Size : 2,779 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
This Mesquite model with 3 bedrooms and 3 bathrooms with full 3 car garage, park like golf course and mountain views, is just waiting for a new owner to make this home new again. Vaulted ceilings, nice open split floor plan. Great indoor laundry room with cabinets. Bedroom 2 has wall closet, bedroom 3 is a guest suite with its own bath and walk in closet.Large master bedroom with golf course views, sitting area, large walk in closet, double sinks, and separate tub and shower makes for a great get away master suite. Large covered patio. Full 3 car garage with water softener 1 newer a/c and 1 newer furnace. , Enjoy those famous Arizona sunsets with no chance of getting golf balls behind the 2nd tee box on Granite Falls golf course. This home has so much potential. A diamond in the rough !
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,990 |
| Property Tax | -$457 | |
| Property Insurance | -$81 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$669
|
||
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.
$573,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.8% |
| 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
$157,595
LOAN DETAILS
$1,990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $143,250 |
| Loan Amount | $429,750 |
0.42
YEARS SAVED
$600
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
-
$2,008
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/10/21- Rent
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- $2,000
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17984 N 168th Avenue Surprise, AZ 4
- 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,095
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LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.80
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6204040
Last Updated: 03/20/2021
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.
