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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $212.21
- 10 Days on Market
- MLS # : 6189801
- Updated Date : 02/08/2021 at 17:53
CONSTRUCTION
- Beds : 2
- Floor Size : 1,696 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
The Perfect Location! Close to all the Amenities of Sun City Grand including the Banks, Drug Store, Golf Courses, Restaurants and Sonoran Plaza with pools, spa, tennis, billiards, dog park, clubs, cards, crafts and state of the art work-out facility. This 1696 sq ft Manzanita model is ideal as a retirement home, a winter home or an investment property for rental to snowbirds. To make it real simple all furnishings in this two bedroom 2 bath home with a den are available, so all you require to start enjoying the Arizona Sunshine are your personal effects. Call for a private viewing!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Desert Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Desert Canyon
* 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 | -$1,250 |
| Property Tax | -$250 | |
| Property Insurance | -$60 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$249
|
||
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.
$359,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
9.25
YEARS SAVED
$45,977
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 -
$1.13
LIST RENT PER SQFT
-
$1,794
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
19491 N Scarlet Canyon Drive Surprise, AZ 4
- 2 beds 2 baths ∙ 1,696 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,696 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,920
- $1.13
-
20032 N Clear Canyon Drive Surprise, AZ 1
- 2 beds 2 baths ∙ 1,546 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,546 Sqft ∙ Built 1997
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
16213 W Desert Canyon Drive Surprise, AZ 2
- 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1998
LEASED 01/21/21- Rent
- Rent Per SQFT
- $1,700
- $1.20
-
19765 N Wind Rose Way Surprise, AZ 3
- 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
-
16135 W Casa Bonita Court Surprise, AZ 5
- 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189801
Last Updated: 02/08/2021
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.
