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19504 N Wessex Drive Surprise, AZ 85387

2 Beds 2 Baths 2,334 sqft Built 2003

$494,500

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $211.87
  • 2 Days on Market
  • MLS # : 6190913
  • Updated Date : 02/06/2021 at 22:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,334 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

ONE OF DEL WEBBS MOST POPULAR MODELS.. THE HACIENDA AND THIS ONE IS EXPANDED AND LOADED W/UPGRADES THAT COUNT STARTING W/LOCATION..ACROSS FROM CIMARRON GOLF COURSE, EXPANSIVE CORNER LOT, COURTYARD ENTRY, TILED T/O EXCEPT BEDROOMS, CHERRY CABINETRY T/O,CUSTOM LIBRARY W/BUILT-INS, EXPANDED GARAGE W/SEPARATE GC GARAGE, LUXURY KITCHEN W/ECO LIGHTING,STAINLESS APPLIANCES, EXPANSIVE COVERED PATIO PERFECT FOR ''PARTYING'' OR PETS. LOVINGLY CARED FOR AND IN ''MOVE-IN'' CONDITION. EXTENSIVE LIST OF UPGRADES ON DOCUMENT ATTACHMENT. THIS HOME IS ELEGANT AND READY TO ''MOVE INTO TODAY'' AND PLAY GOLF IN THE AFTERNOON.

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PRICE & RENT TRENDS

Neighborhood: Sun City Grand the Regent

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $109k533k

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

Neighborhood: Sun City Grand the Regent

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792046

* 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
 

$445,050$543,950$494,500

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,718
Property Tax -$344
Property Insurance -$73
HOA -$22
Property Management Fees -$99
CASH FLOW
-$315

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.

$494,500

PROJECTED PRICE

$1,940

PROJECTED RENT

0.39%

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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,793

INVESTMENT

$136,793

Down Payment
$123,625
Rehab Estimate
$5,750
Closing Costs
$7,418

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,718

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,625
Loan Amount $370,875
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8754$2,000
$2,000
RENT COMPS ANALYSIS
  • 19504 N Wessex Drive Surprise, AZ 1
    • 2 beds 2 baths ∙ 2,334 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,334 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20029 N Cielo Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 20013 N Siesta Rock Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
  • 16135 W Casa Bonita Court Surprise, AZ 4
    • 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
Bill Paulson
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190913
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.

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