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16349 W Cameron Drive 
Surprise, AZ
85388
4 Beds 2 Baths 1,797 sqft
Built 2009
INVESTimate
$295,000
List Price
$83,925
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $164.16
- 3 Days on Market
- MLS # : 6122064
- Updated Date : 08/25/2020 at 18:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,797 sqft
- Baths : 2 full
Listing Agent
Azreapm
Listing Agent's Description
YOU HAVE FOUND THE ONE! Don't miss this SPACIOUS corner lot in Sycamore Farms, it will not last long! This beautiful 4 bedroom, 2 bath abode totes an open kitchen with large granite island and updated cabinets! Find your solitude in the low maintenance, HUGE backyard with built in pergola, synthetic grass and desert landscape. The home backs a lush greenbelt, close to community playground and walking paths! Call this beauty yours and submit your offer today!
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PRICE & RENT TRENDS
Neighborhood: Sycamore Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sycamore Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$205 | |
| Property Insurance | -$62 | |
| HOA | -$82 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$177
|
||
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.
$295,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.24% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
2.5
YEARS SAVED
$6,897
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,411
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
16349 W Cameron Drive Surprise, 2
- 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2009
![property image]()
- Rent
- Rent Per SQFT
- $1,360
- $0.76
-
16388 W Canterbury Drive Surprise, 1
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2006
![property image]()
LEASED 05/27/19- Rent
- Rent Per SQFT
- $1,300
- $0.74
-
15453 W Jenan Drive Surprise, 3
- 3 beds 3 baths ∙ 1,747 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,747 Sqft ∙ Built 2007
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.80
-
16406 W Cortez Street Surprise, 4
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2012
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,475
- $0.83
-
15836 W Sierra Street Surprise, 5
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2008
![property image]()
LEASED 07/22/19- Rent
- Rent Per SQFT
- $1,600
- $0.77
PROPERTY LISTING DETAILS
Azreapm
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122064
Last Updated: 08/25/2020
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.
