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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $167.49
- 3 Days on Market
- MLS # : 6193248
- Updated Date : 02/12/2021 at 02:20
CONSTRUCTION
- Beds : 4
- Floor Size : 3,045 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
You will find wonderful features in this 3,045 sq. ft. single level, 4 bed 2.5 bath home with 3 car garage and RV gate. The stunning security screen opens to an open floor plan with 10' ceilings, gray plank style tile in all the main areas and shutters throughout. The formal area would be perfect for entertainment, cozy living or a roomy dining space. The family room is spacious and offers a sightline to much of the home to include the gorgeous remodeled kitchen. There you will see a galore of counter space with multiple islands, tons of guest seating and room for a massive dining table. Amazing space in the Master Bedroom with large ensuite w/ dual sinks, separate tub/shower and his/her closets. The backyard boasts a private pool with water feature, grassy play areas and built in Pergola
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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 | $1,990 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$355 | |
| Property Insurance | -$87 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$342
|
||
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.
$510,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.39%
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
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
2
YEARS SAVED
$6,341
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
-
$2,002
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
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18473 W Desert Lane Surprise, AZ 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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18393 W Tasha Drive Surprise, AZ 2
- 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2009
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.63
-
18026 W Desert Lane Surprise, AZ 3
- 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2007
LEASED 05/17/20- Rent
- Rent Per SQFT
- $1,945
- $0.65
-
18012 W Caribbean Lane Surprise, AZ 4
- 5 beds 3 baths ∙ 2,893 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,893 Sqft ∙ Built 2005
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,950
- $0.67
-
18045 W Carmen Drive Surprise, AZ 5
- 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2007
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,995
- $0.68
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193248
Last Updated: 02/12/2021
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.
