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20157 N Saguaro Court Surprise, AZ 85374

2 Beds 2 Baths 1,143 sqft Built 1997

$287,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Desert Bloom

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k327k

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

Neighborhood: Sun City Grand-Desert Bloom

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9791858

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

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

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,805

INVESTMENT

$81,805

Down Payment
$71,750
Rehab Estimate
$5,750
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

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
$1,250
1$1,2502$1,3203$1,3754$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 20157 N Saguaro Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,143 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,143 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.15
    •  
  • 20216 N Mariposa Way Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,143 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,143 Sqft ∙ Built 1997
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 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
    •  
  • 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
    •  
  • 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
James Sterpka
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161854
Last Updated: 11/20/2020
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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