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26044 N Desert Mesa Drive Surprise, AZ 85387

6 Beds 4 Baths 3,803 sqft Built 2005

$425,500

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $111.89
  • 3 Days on Market
  • MLS # : 6161897
  • Updated Date : 11/21/2020 at 10:57
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,803 sqft
  • Baths : 4 full
Listing Agent

Realty One Group

Listing Agent's Description

Amazing Home with Large Square Footage and Mountain Views. Formal Living and Dining Space. Large Open Concept Family Room and Kitchen with Large Island, Granite Countertops, Large Cabinets, Dual Wall Ovens. Kitchen features Gas Range\ Oven, Large Walk In Pantry and Butler Pantry complimenting Family Dining Room. Downstairs Bedroom with Full Bathroom. Spiral Staircase leads to Upstairs boasting 4 Additional Bedrooms, 1 with full Bathroom. Additional upstairs Bathroom is complete with Dual Sinks. Large Master Bedroom with Large His and Hers Walk In Closets and Fantastic Views of White Tank Mountains. Master Bath with Sep Shower\Tub complimented with Dual Sinks. Home has 2 Car Garage and 1 Car Tandem Garage. Private Heated Pool with Relaxing Backyard Area.NO SIGN IN FRONT OF HOUSE

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9721567

* 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
 

$382,950$468,050$425,500

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,570
Property Tax -$255
Property Insurance -$101
HOA -$68
Property Management Fees -$99
CASH FLOW
$37

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.

$425,500

PROJECTED PRICE

$2,130

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,508

INVESTMENT

$118,508

Down Payment
$106,375
Rehab Estimate
$5,750
Closing Costs
$6,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,570

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,375
Loan Amount $319,125
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$34,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $2,244

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,130
$2,130
RENT COMPS ANALYSIS
  • 26044 N Desert Mesa Drive Surprise, AZ 2
    • 6 beds 4 baths ∙ 3,803 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,803 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.56
    •  
  • 16741 W Tether Trail Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.59
    •  
PROPERTY LISTING DETAILS
Christopher Woodward
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161897
Last Updated: 11/21/2020
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.

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