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20186 N Horse Trail Drive Surprise, AZ 85374

2 Beds 3 Baths 2,300 sqft Built 2002

$575,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $250.00
  • 5 Days on Market
  • MLS # : 6182801
  • Updated Date : 01/20/2021 at 01:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

GOLF COURSE LOT WITH AMAZING VIEWS, CUL-DE-SAC LOT, HEATED POOL. This beautiful Mission model sits off the #15 tee box and features 2 bedrooms, 2.5 bathrooms +Den/Office. Open floor plan with oversized great room and large windows, built-in entertainment center, spacious gourmet kitchen, with island, lots of cabinets and countertop space, SS appliances, double wall ovens, eat-in kitchen w/bay windows, Master suite has sliding glass door to back patio, bathroom w/double sinks, garden tub, shower, and walk-in closet, oversized guest bedroom, and bath, Backyard boast of amazing golf course & lake views, large covered patio, heated pebble tech pool with automatic cover make this the perfect place for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Ironwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k375k

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

Neighborhood: Sun City Grand Ironwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791994

* 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
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,997
Property Tax -$458
Property Insurance -$72
HOA -$11
Property Management Fees -$99
CASH FLOW
-$627

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.

$575,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6983$1,7504$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 20186 N Horse Trail Drive Surprise, AZ 1
    • 2 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002 2 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14805 W Huron Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1993
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,698
    • $0.83
    •  
  • 20029 N Cielo Court Surprise, AZ 3
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 13722 W Elmbrook Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1987 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1987
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 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
June Palmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182801
Last Updated: 01/20/2021
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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