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15014 N 172nd Lane Surprise, AZ 85388

4 Beds 3 Baths 1,999 sqft Built 2004

$330,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $165.08
  • 4 Days on Market
  • MLS # : 6172651
  • Updated Date : 01/02/2021 at 18:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,999 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

BEAUTIFUL! MOUNTAIN VIEWS W/ A POOL! Welcome to this split, open floor plan located in the highly desirable Sierra Montana community! There's plenty of features for you and your guests to enjoy... The home has been well maintained with newer carpet and paint! The kitchen offers plenty of granite countertop space for meal prep or entertaining... The kitchen island creates even more space... You'll never run out of room for your cooking essentials in these beautiful white cabinets! There's stainless steel appliances, a breakfast bar, tile backsplash and the kitchen looks out to the HUGE great room! Laminate wood flooring throughout the downstairs... Easily transform the loft into a game room, play area for the kids, or an office!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Sierra Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9311981

* 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
Sunset Hills Elementary School Primary Regular 1,214 55 6
Sunset Hills Elementary School Middle Regular 1,214 55 6
Shadow Ridge High School High Regular 1,735 77 4

Sunset Hills Elementary School

  • Education Level: Primary
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Sunset Hills Elementary School

  • Education Level: Middle
  • # of students: 1,214
  • # of teachers: 55
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$297,000$363,000$330,000

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 -$1,218
Property Tax -$229
Property Insurance -$66
HOA -$20
Property Management Fees -$99
CASH FLOW
$28

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.

$330,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$24,953

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
  • $0.83

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3753$1,3954$1,6605$1,700
$1,700
RENT COMPS ANALYSIS
  • 15014 N 172nd Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.83
    •  
  • 15078 N 173rd Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.72
    •  
  • 14872 N 174th Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 15017 N 173rd Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
  • 17440 W Caribbean Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172651
Last Updated: 01/02/2021
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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