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18774 N Desert Light Drive Surprise, AZ 85387

3 Beds 2 Baths 2,014 sqft Built 2003

$519,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $257.70
  • 5 Days on Market
  • MLS # : 6195345
  • Updated Date : 02/20/2021 at 04:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,014 sqft
  • Baths : 2 full
Listing Agent

Leolinda Realty

Listing Agent's Description

Enjoy The Privacy Of Your Backyard And Welcome To Your Warm & Inviting Greenbelt Home! This 3 Bedroom Expanded Borgata Model Features Full 3 Car Garage, 4 X 6 Construction, Split Bedrooms, Gas Fireplace, Tiled Throughout, Granite Kitchen Counters, Stainless Appliance, Bay Window In Breakfast Nook, Gas Range, Master Bedroom Extended By 4 Feet Plus Bay Window, Raised Panel Doors, Plantation Shutters Throughout, Pella Windows, French Doors to Arizona Room, High-end Built-in Garage Cabinets, 2 Heavy Duty Security Doors, Reverse Osmosis, Water Softener, 6ft 9 Blade Ceiling Fans, Arizona Room, Barbecue, Water Heater, Air Conditioner & Furnace Replaced, Exterior Fireplace And Fire Pit. Enjoy The Amazing Arizona Sunsets While In Your Arizona Room Or On Your Private Extended Covered Patio!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Mission

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k358k

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

Neighborhood: Sun City Grand Mission

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621775

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

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

$467,100$570,900$519,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,803
Property Tax -$311
Property Insurance -$66
HOA -$11
Property Management Fees -$99
CASH FLOW
-$650

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.

$519,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,803

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5103$1,5504$1,6405$1,660
$1,660
RENT COMPS ANALYSIS
  • 18774 N Desert Light Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.81
    •  
  • 18434 W Dawn Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2005
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 17886 N Bell Pointe Boulevard Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2005
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.76
    •  
  • 18394 W Dawn Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 18338 W Stinson Drive Surprise, AZ 5
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.74
    •  
PROPERTY LISTING DETAILS
Leolinda Bowers
Leolinda Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195345
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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