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19709 N Concord Drive Surprise, AZ 85374

2 Beds 3 Baths 2,035 sqft Built 2001

$540,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $265.36
  • 2 Days on Market
  • MLS # : 6203665
  • Updated Date : 03/06/2021 at 20:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,035 sqft
  • Baths : 2 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

This home will check off all of your boxes!**Golf course lot ** East exposure extended rear patio** Extended length garage with plenty of storage ** NEW Anderson Windows throughout ** 2 bedrooms and an office ** New lighted ceiling fans ** 2.5 updated baths **Updated kitchen with Newer LG appliances and Custom soft close , pull out Cherry cabinets ** Whole house water filtration system ** Newer HVAC and water heater ** Newer Whirlpool washer and dryer in the inside laundry with an abundance of storage **Shutters on street facing windows ** Custom Duet shades on rear windows ** Leased Solar with set monthly fee under $100 per month. This beauty at the 17th hole of Granite Falls North is ready for you to call it your own.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Sunrise Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $120k407k

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

Neighborhood: Sun City Grand Sunrise Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9792653

* 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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,876
Property Tax -$375
Property Insurance -$67
HOA -$11
Property Management Fees -$99
CASH FLOW
-$148

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$540,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$18,969

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
  • $1,745

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,7505$1,875
$1,875
RENT COMPS ANALYSIS
  • 19709 N Concord Drive Surprise, AZ 1
    • 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16525 W Arroyo Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 20414 N 150th Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,787 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,787 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 20029 N Cielo Court Surprise, AZ 4
    • 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 5
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
PROPERTY LISTING DETAILS
Susan Markus
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203665
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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