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

20977 N Grand Staircase Drive Surprise, AZ 85387

3 Beds 2 Baths 2,014 sqft Built 2005

$435,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $215.99
  • 4 Days on Market
  • MLS # : 6159453
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,014 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Looking for a 3 bedroom, 3 car garage home that has it all? This is the one!Highly popular Borgata split floorplan is ready for you to move into. The home is located on a 14,000+ sq. Ft. cul de sac lot in Sun City Grand just a short walk from Cimarron golf course and rec center. This home with 3 bedrooms and an Extended 3 car garage has multiple bay windows all with shutters on Newer Anderson Windows. Home has a Newer HVAC system, stainless appliances with Newer Convection oven, granite surfaces, raised vanities in both baths, custom closet in primary , cabinets and utility sink in the inside laundry, The list goes on. Home comes complete with OWNED Solar and a Pre-Certified Home Warranty. This is the home to see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Escalante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $120k383k

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

Neighborhood: Sun City Grand Escalante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,605
Property Tax -$302
Property Insurance -$66
HOA -$11
Property Management Fees -$99
CASH FLOW
-$424

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5253$1,5504$1,6505$1,660
$1,660
RENT COMPS ANALYSIS
  • 20977 N Grand Staircase Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.82
    •  
  • 16930 W Bristol Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2004
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 16757 W Palisade Trail Lane Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.67
    •  
  • 15809 W La Paloma Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 16847 W Weymouth Road Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
PROPERTY LISTING DETAILS
Susan Markus
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159453
Last Updated: 11/13/2020
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