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18314 N Gila Springs Drive Surprise, AZ 85374

2 Beds 2 Baths 1,645 sqft Built 2000

$306,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $186.02
  • 3 Days on Market
  • MLS # : 6156914
  • Updated Date : 11/06/2020 at 13:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Don't miss out on this meticulously maintained home. This 2bed/2bath/den home is nestled into the prestigious active adult golf community of Sun City Grand. This area has several amenities available to all owners! Sports, sewing, dancing, entertainment, restraunts & more. Incredible curb appeal leads you into the light and bright interior featuring vaulted ceilings, an open floor plan, and tile in all the right places. Well placed eat in kitchen boasts a plethora of cabinets and a breakfast bar. Lovely master with bay window, large walk-in closet and en suite with dual sinks. Enjoy mornings and evenings on your covered back patio overlooking the beautiful spacious low maintenance backyard. Perfect for morning coffee or entertaining several friends. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-The Peak

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k428k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City Grand-The Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9792345

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$275,400$336,600$306,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,129
Property Tax -$213
Property Insurance -$59
HOA -$10
Property Management Fees -$99
CASH FLOW
$150

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.

$306,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,840

INVESTMENT

$86,840

Down Payment
$76,500
Rehab Estimate
$5,750
Closing Costs
$4,590

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,500
Loan Amount $229,500
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$38,663

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,660

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,6504$1,6605$2,000
$2,000
RENT COMPS ANALYSIS
  • 18314 N Gila Springs Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,645 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,645 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.01
    •  
  • 15370 W Jill Lane Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 15907 W Sunstone Lane Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 14703 W Calumet Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 14637 W Bison Path Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Kim Hodges
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156914
Last Updated: 11/06/2020
support@investimateroi.com

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.

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