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19491 N Scarlet Canyon Drive Surprise, AZ 85374

2 Beds 2 Baths 1,696 sqft Built 1998

$359,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Desert Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k357k

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

Neighborhood: Sun City Grand Desert Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791961

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

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

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,7003$1,8004$1,9205$2,000
$2,000
RENT COMPS ANALYSIS
  • 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
Rhonda Hrdlicka
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189801
Last Updated: 02/08/2021
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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