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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $222.67
- 2 Days on Market
- MLS # : 6190823
- Updated Date : 02/06/2021 at 22:58
CONSTRUCTION
- Beds : 3
- Floor Size : 3,256 sqft
- Baths : 3 full
Listing Agent
Long Realty West Valley
Listing Agent's Description
Undeniably, Resort Living within a Resort! Experience Elegance at Stonecrest with privacy, security and one of the best split floor plans that Sun City Grand has to offer, plus expanded to 3256 square feet by the original owners. Sittingon a spacious quiet 0.4+ acre lot at the end of a cul de sac with lush landscaping, palm trees, and ambient lighting for added nightlife beauty...prepare yourself to vacation right at home! A gated front courtyard leads you into a dramatic entrance with a soaring 13.5 foot vaulted ceiling to reveal stunning custom upgrades and design. Want for nothing in your gourmet kitchen featuring stainless steel appliances, granite counters, cherrywood cabinets, travertine back splash, a 5-burner gas cooktop, double wall ovens, and of course, your wine refrigerator..
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-Desert Breeze
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-Desert Breeze
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$504 | |
| Property Insurance | -$91 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$823
|
||
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.
$725,000
PROJECTED PRICE
$2,400
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.0% |
| 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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.42
YEARS SAVED
$1,019
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,491
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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19827 N Valencia Court Surprise, AZ 1
- 3 beds 3 baths ∙ 3,256 Sqft ∙ Built 1998 3 beds 3 baths ∙ 3,256 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17984 N 168th Avenue Surprise, AZ 2
- 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2004
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,095
- $0.70
-
16859 W Tonbridge Street Surprise, AZ 3
- 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2004
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,499
- $0.83
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190823
Last Updated: 02/06/2021
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.
