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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $251.09
- 5 Days on Market
- MLS # : 6161854
- Updated Date : 11/20/2020 at 11:18
CONSTRUCTION
- Beds : 2
- Floor Size : 1,143 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Lightly used and impeccably maintained this attractive Willow is in move-in condition. The kitchen boasts cherry cabinetry, granite countertops and stainless appliances. A great room and dining area provide ample space for your next get together. Sliders to an expanded covered patio which overlooks a private rear yard add to the finishing touch. All furniture available via a separate bill of sale.
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-Desert Bloom
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-Desert Bloom
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$200 | |
| Property Insurance | -$50 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$98
|
||
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.
$287,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.46%
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
$81,805
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,750 |
| Loan Amount | $215,250 |
4.08
YEARS SAVED
$12,551
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,326
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
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20157 N Saguaro Court Surprise, AZ 2
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- Rent Per SQFT
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- $1.15
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20216 N Mariposa Way Surprise, AZ 1
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- $1,250
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19734 N Wind Rose Way Surprise, AZ 3
- 2 beds 2 baths ∙ 1,113 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,113 Sqft ∙ Built 1997
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,375
- $1.24
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15907 W Sunstone Lane Surprise, AZ 4
- 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,450
- $1.12
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16149 W Quail Creek Lane Surprise, AZ 5
- 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,255 Sqft ∙ Built 1997
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,495
- $1.19
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161854
Last Updated: 11/20/2020
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.
