Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $165.64
- 1 Days on Market
- MLS # : 6263742
- Updated Date : 07/13/2021 at 16:47
CONSTRUCTION
- Beds : 4
- Floor Size : 3,018 sqft
- Baths : 3 full
Listing Agent
Collins Realty
Listing Agent's Description
Come see this rare opportunity to own a fantastic near new home with all the upgrades as well as a 5 car drive through garage for all the toys and yes an Rv Gate for even more toys. Yes Rvs are allowed behind the gates. This home has it all from wood look tile, granite in kitchen, chef worthy appliances, foam insulation in the walls, and the list goes on. Yes this model has a bedroom and bath downstairs with the master and a gigantic loft upstairs great for a large family that will still have room to grow. In this market this will not last long. You get it all curb appeal and room for toys with 5 car drive through garage and an RV gate that you can actually park an RV behind. Buyer to verify all info,
SEE MORE
PRICE & RENT TRENDS
Zip Code: 85387
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85387
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$299 | |
| Property Insurance | -$86 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$72
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$499,900
PROJECTED PRICE
$2,210
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$134,474
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
4.42
YEARS SAVED
$21,862
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,264
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
18519 W Foothill Drive Surprise, AZ 1
- 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,210
- $0.73
-
18171 W Via Montoya Drive Surprise, AZ 2
- 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 2018
LEASED 01/06/21- Rent
- Rent Per SQFT
- $2,400
- $0.75
PROPERTY LISTING DETAILS
Collins Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263742
Last Updated: 07/13/2021
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.
