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

19167 N Casa Blanca Way N Surprise, AZ 85387

2 Beds 2 Baths 1,834 sqft Built 2002

$392,500

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $214.01
  • 2 Days on Market
  • MLS # : 6190784
  • Updated Date : 02/06/2021 at 04:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,834 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

HOME EXTERIOR IS BEING PAINTED SATURDAY 2/6/21, SO PLEASE NO SHOWINGS UNTIL AFTER 2:00. HOME WILL BE OPEN SUNDAY FROM 10:00 TO 3:00. Please do not wait to see this beautifully updated home in Sun City Grand, one of the top 45+ communities in the country! This is the one you have been waiting for. From the gorgeous landscaping and patio areas, to the open and spacious 2bd/2ba + den floorpan, you will feel right at home. So many updates, including water softener, H20 Heater, Media wall, cabinetry in extended garage, irrigation system and plantation shutters. Cooks kitchen with island, tons of counter space, granite, gas range, pantry and breakfast nook. Some furnishings, including W&D are available for purchase on separate bill of sale. Come experience your best life while enjoying all of

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Hacienda

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: Sun City Grand Hacienda

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791770

* 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
 

$353,250$431,750$392,500

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,363
Property Tax -$273
Property Insurance -$63
HOA -$11
Property Management Fees -$99
CASH FLOW
-$49

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.

$392,500

PROJECTED PRICE

$1,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.0%
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,763

INVESTMENT

$109,763

Down Payment
$98,125
Rehab Estimate
$5,750
Closing Costs
$5,888

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,363

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,125
Loan Amount $294,375
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$19,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,7004$1,7605$1,800
$1,800
RENT COMPS ANALYSIS
  • 19167 N Casa Blanca Way N Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.96
    •  
  • 16525 W Arroyo Court Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 18643 N Granite Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 17628 W Lotten Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2001
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 19765 N Wind Rose Way Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
PROPERTY LISTING DETAILS
Diane J Hammons
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190784
Last Updated: 02/06/2021
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.

BESbswy