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20470 N Sojourner Drive Surprise, AZ 85387

2 Beds 2 Baths 1,262 sqft Built 2004

$309,500

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $245.25
  • 6 Days on Market
  • MLS # : 6191828
  • Updated Date : 02/09/2021 at 17:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,262 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

What a beautiful transformation! Move in ready, neat as a pin, does not fully describe this 2018 updated home. It's cute, charming, yet sophisticated and has all of today's modernized looks. The kitchen features new espresso shaker soft close cabinets and gorgeous granite countertops with whispers of grey and blue, and s/s appliances that together bring this kitchen up to date. Enjoy the morning sun in the eat in kitchen or choose to have coffee at your kitchen bar. The open concept dining and great room is bright and cheery and has all new light fixtures. The ''wood look'' tile flooring runs throughout the home and wider baseboards accentuate the look. Attention is in the details, all new door handles, hardware, bathroom fixtures continue the look of today throughout this house.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k361k

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

Neighborhood: Sun City Grand Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791726

* 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
 

$278,550$340,450$309,500

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,075
Property Tax -$215
Property Insurance -$52
HOA -$11
Property Management Fees -$99
CASH FLOW
-$62

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.

$309,500

PROJECTED PRICE

$1,390

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.3%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$87,768

INVESTMENT

$87,768

Down Payment
$77,375
Rehab Estimate
$5,750
Closing Costs
$4,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,075

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,375
Loan Amount $232,125
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3903$1,4004$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 20470 N Sojourner Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,262 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,262 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.10
    •  
  • 19734 N Wind Rose Way Surprise, AZ 1
    • 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
    •  
  • 19915 N Echo Rim Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 16149 W Quail Creek Lane Surprise, AZ 4
    • 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
    •  
  • 15615 W Hidden Creek Lane Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,278 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,278 Sqft ∙ Built 1997
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.25
    •  
PROPERTY LISTING DETAILS
Susan M Bicknell
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191828
Last Updated: 02/09/2021
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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