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PROPERTY INFO
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
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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 | $1,730 |
| 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
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
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
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19527 N Hidden Canyon Drive Surprise, AZ 5
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19915 N Echo Rim Drive Surprise, AZ 2
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LEASED 05/05/20- Rent
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- $1,400
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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
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-
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
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203530
Last Updated: 03/06/2021
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.
