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20052 N Hearthstone Drive Surprise, AZ 85374

3 Beds 2 Baths 2,298 sqft Built 1998

$479,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $208.44
  • 5 Days on Market
  • MLS # : 6204989
  • Updated Date : 03/10/2021 at 16:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,298 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Well maintained 3 bedroom, 2 bathroom Stonecrest model with extended 3 car garage. A certain amount of furniture is included with the sale. Tile throughout with updated carpeting in all bedrooms. Kitchen has corian counters and beautiful cabinets with all lower cabinets having pull-out shelves. Double pantry. Upgraded stainless steel refrigerator, stove/oven, microwave and dishwasher. Master bathroom has double sinks, separate shower and large walk-in closet. Laundry room has built-in cabinets with a large sink, washer & dryer. Updated Trane, Seer 16 A/C with new furnaces with electronic air cleaners. New hot water tank in the past year. Garage has built-in cabinets and is extended. Extra large backyard patio is covered and includes a patio table and chairs. Entire roof replaced in 2020.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Desert Breeze

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k380k

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

Neighborhood: Sun City Grand-Desert Breeze

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791968

* 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
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,664
Property Tax -$333
Property Insurance -$72
HOA -$11
Property Management Fees -$99
CASH FLOW
-$439

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.

$479,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6954$1,7405$1,850
$1,850
RENT COMPS ANALYSIS
  • 20052 N Hearthstone Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.76
    •  
  • 15149 W Rachel Circle Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 15809 W La Paloma Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 17955 N 168th Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 20059 N Shadow Mountain Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jon Nelson
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204989
Last Updated: 03/10/2021
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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