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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $139.89
- 2 Days on Market
- MLS # : 6173248
- Updated Date : 12/19/2020 at 16:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,645 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
NO SHOWINGS UNTIL OPEN HOUSE ON 12/20 11 AM - 3 PM. Beautiful 4 bedroom, 2 1/2 bath home with 2nd floor bonus room is a MUST SEE! One bedroom downstairs could also be used as a home office. Kitchen boasts, kitchen island with additional seating area, lots of cabinets and counter space and opens up to a breakfast room and OVERSIZED family room. Plenty of room to spread out with a HUGE upstairs bonus room that can be used as another family room, game room or teen room. After a long day, relax in your master retreat featuring double sinks and separate shower and tub. Step outside to enjoy the tropical feel of your backyard and take a dip in your refreshing pool with removable fence and additional seating area. New water softener (2018). Home is conveniently located
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PRICE & RENT TRENDS
Neighborhood: Surprise Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Surprise Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$257 | |
| Property Insurance | -$79 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
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.
$370,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| 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
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
6
YEARS SAVED
$29,534
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,713
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
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18376 W Young Street Surprise, AZ 5
- 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,920
- $0.73
-
18562 W Mariposa Drive Surprise, AZ 1
- 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2006
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,565
- $0.62
-
18010 W Acapulco Lane Surprise, AZ 2
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2005
LEASED 12/28/19- Rent
- Rent Per SQFT
- $1,625
- $0.66
-
18292 W Elm Street Surprise, AZ 3
- 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2006
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,665
- $0.65
-
18512 W Douglas Way Surprise, AZ 4
- 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,745
- $0.66
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173248
Last Updated: 12/19/2020
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.
