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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $179.46
- 2 Days on Market
- MLS # : 6196988
- Updated Date : 02/21/2021 at 02:35
CONSTRUCTION
- Beds : 2
- Floor Size : 1,894 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Popular 1894 Sq Ft Borgata model! Enter to a greatroom concept or Living/Dining..Split Bedroom Floor Plan with Office that could be 3rd bedroom or turn this side of the home into a guest suite! Great Mountain Views from the Patio! Low Solar Lease! Schedule to see this home today!!!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Sierra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Sierra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$252 | |
| Property Insurance | -$64 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$73
|
||
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.
$339,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.49%
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
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
6.58
YEARS SAVED
$26,618
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,747
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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19530 N Majestic Vista Court Surprise, AZ 4
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- Rent Per SQFT
- $1,680
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16525 W Arroyo Court Surprise, AZ 1
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LEASED 12/07/19- Rent
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- $1,500
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18643 N Granite Court Surprise, AZ 2
- 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 2003
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
16417 W Desert Lily Drive Surprise, AZ 3
- 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.85
-
19765 N Wind Rose Way Surprise, AZ 5
- 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
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196988
Last Updated: 02/21/2021
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.
