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15012 W Mercer Lane Surprise, AZ 85379

4 Beds 3 Baths 2,839 sqft Built 2004

$339,999

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $119.76
  • 4 Days on Market
  • MLS # : 6178116
  • Updated Date : 01/08/2021 at 16:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,839 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Wow! Amazing 4 bed/2.5 bath property with pristine pool!! The awesome interior features beamed ceiling in the ample living room, barn sliding doors that leads you to a gorgeous den/office, a beautiful family room w/built-in media niche, and large loft for entertainment. Chef's kitchen delight has mosaic back-splash, custom staggered cabinets, island for prep & breakfast bar, pantry, granite counters, and SS appliances. Create culinary dishes in this kitchen! Enchanting master bedroom comes with a huge walk-in closet and a lavish master bath. The master bath offers double square vessel sinks, soaking tub, and tiled shower. Outside, enjoy your desert style backyard with extended covered patio and sparkling blue pool. There is simply too much to list here! Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9711567

* 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
Rancho Gabriela Elementary School Primary Regular 1,158 50 7
Rancho Gabriela Elementary School Middle Regular 1,158 50 7
Dysart High School High Regular 1,604 73 3

Rancho Gabriela Elementary School

  • Education Level: Primary
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Rancho Gabriela Elementary School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,181
Property Tax -$219
Property Insurance -$83
HOA -$50
Property Management Fees -$99
CASH FLOW
$399

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.

$339,999

PROJECTED PRICE

$2,030

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$60,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,044

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0003$2,0304$2,1005$2,125
$2,125
RENT COMPS ANALYSIS
  • 15012 W Mercer Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.72
    •  
  • 15119 W Mercer Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.70
    •  
  • 15078 W Larkspur Drive Surprise, AZ 2
    • 5 beds 3 baths ∙ 2,882 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,882 Sqft ∙ Built 2004
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 15128 W Desert Mirage Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 15011 W Mercer Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.75
    •  
PROPERTY LISTING DETAILS
Julie Calza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178116
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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