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21568 N Black Bear Lodge Drive Surprise, AZ 85387

2 Beds 2 Baths 1,930 sqft Built 2005

$479,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $248.19
  • 2 Days on Market
  • MLS # : 6205500
  • Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,930 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully updated Valencia II. You will enjoy this spacious open floor plan. Home features a new hot water heater 2/21, a new HVAC system 2/21, professional cleaned and buffed Corian counter tops, new carpet in the bedrooms, the tile floor has been professionally cleaned and sanitaized and new paint throughout the interior.The large back patio is perfect for entertaining your friends and family while enjoying the sparkling pool and beautiful sunsets with no neighbors behind you.The extended length garage features plenty of storage with built in cabinets..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Capitan

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k360k

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

Neighborhood: Sun City Grand Capitan

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
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
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,664
Property Tax -$333
Property Insurance -$65
HOA -$11
Property Management Fees -$99
CASH FLOW
-$452

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.

$479,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6504$1,7205$1,875
$1,875
RENT COMPS ANALYSIS
  • 21568 N Black Bear Lodge Drive Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.89
    •  
  • 15619 W Greystone Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 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
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 15524 W White Wood Drive Sun City West, AZ 3
    • 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1993 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1993
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 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
    property image
    LEASED 02/17/21
    • 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 #: 6205500
Last Updated: 03/13/2021
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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