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20045 N Coyote Lakes Parkway Surprise, AZ 85378

2 Beds 2 Baths 1,065 sqft Built 1998

$239,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $224.41
  • 2 Days on Market
  • MLS # : 6160448
  • Updated Date : 11/14/2020 at 22:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,065 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

For the homeowner who likes to be Green, this home has an OWNED Solar System that was installed just 2 and half years ago. Plus, it features a Level II EV Charging Station for your electric car. New roof underlayment in 2017 and fresh interior paint in Nov 2020. This floor plan has vaulted ceilings and warm palette, so it feels nice and open. You can be in the kitchen and still see the TV so you won't miss your favorite shows. The large bay window in the dining area lets in plenty of natural light. The garage has storage cabinets so you can store your seasonal decorations. There's an 8ft wide RV gate so you can store your all of your fun toys in the back yard as long as they are below the fence. Refrigerator, Washer & Dryer convey as well as the two work benches in the garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coyote Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k276k

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

Neighborhood: Coyote Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9721567

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$882
Property Tax -$150
Property Insurance -$48
HOA -$2
Property Management Fees -$99
CASH FLOW
-$11

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.

$239,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,203

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2003$1,4004$1,4955$1,575
$1,575
RENT COMPS ANALYSIS
  • 20045 N Coyote Lakes Parkway Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.10
    •  
  • 20036 N Coyote Lakes Parkway Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 1998
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.05
    •  
  • 12414 W Nugget Court Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1980
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.18
    •  
  • 19972 N Coyote Lakes Parkway Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 10757 W Beaubien Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,309 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,309 Sqft ∙ Built 1995
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.20
    •  
PROPERTY LISTING DETAILS
Paul E Jackson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160448
Last Updated: 11/14/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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