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19527 N Hidden Canyon Drive Surprise, AZ 85374

2 Beds 2 Baths 1,414 sqft Built 1998

$330,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $233.38
  • 2 Days on Market
  • MLS # : 6203530
  • Updated Date : 03/06/2021 at 15:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,414 sqft
  • Baths : 1 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

Lovely Acacia on large lot w/8 ft extended garage & ext patio w/pony wall! & gas bib!! Yard is fully fenced. Notice the epoxy coated driveway, sidewalk, & patio + recently painted exterior. Kitchen has skylight, gas bib, pull-out shelves, new garbage disposal & maple cabinets. Master has bay window, closet organizers, dual sinks, raised vanity, comfort height toilet, Corian counters & shower, + skylight. New fans & LED bulbs thruout. Up/down blinds for privacy, Murphy bed in guest room. R38 blown insulation, HVAC has been updated. Garage has cabinets, new garage door + opener, updated water heater w/recirculation pump & utility sink. Raised panel doors, new patio slider, & motion sensor outdoor lights. EAST facing backyard for morning sun. This home shows beautifully & is move in ready

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,146
Property Tax -$229
Property Insurance -$55
HOA -$11
Property Management Fees -$99
CASH FLOW
$190

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.

$330,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.52%

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$38,055

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4954$1,7005$1,730
$1,730
RENT COMPS ANALYSIS
  • 19527 N Hidden Canyon Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.22
    •  
  • 19734 N Wind Rose Way Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,113 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,113 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.24
    •  
  • 19915 N Echo Rim Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 16149 W Quail Creek Lane Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.19
    •  
  • 16213 W Desert Canyon Drive Surprise, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Gail Burgoni
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203530
Last Updated: 03/06/2021
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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