Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20168 N Shadow Mountain Drive Surprise, AZ 85374

2 Beds 2 Baths 1,870 sqft Built 1997

$425,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $227.27
  • 3 Days on Market
  • MLS # : 6157048
  • Updated Date : 11/06/2020 at 10:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,870 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome Home! Entertain your family and friends in this Desert Springs Golf Course home on the 16th green. . Enjoy dining and relaxing on the huge covered custom back patio with fabulous views of the mountains and sunsets. Open kitchen with breakfast nook and dining room. Huge built in desk and shelves in office/den. Master bedroom has a bay window and walk in closet. Inside laundry. Garage has cabinets for plenty of storage. Roof was replaced in 2/2020 and HVAC system was replaced 05/2015.Some or all of the furnishings and decor can be purchased outside of escrow.

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
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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,568
Property Tax -$296
Property Insurance -$64
HOA -$17
Property Management Fees -$99
CASH FLOW
-$353

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.

$425,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.40%

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6904$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 20168 N Shadow Mountain Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.90
    •  
  • 16525 W Arroyo Court Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1998
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 16417 W Desert Lily Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 19765 N Wind Rose Way Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
  • 20013 N Siesta Rock Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
PROPERTY LISTING DETAILS
Paulette Strozyk
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157048
Last Updated: 11/06/2020
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.

BESbswy