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15015 W Shaw Butte Drive Surprise, AZ 85379

4 Beds 2 Baths 1,884 sqft Built 2004

$320,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $169.85
  • 2 Days on Market
  • MLS # : 6172002
  • Updated Date : 12/19/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Liv Az Realty

Listing Agent's Description

Beautiful corner lot family home in desired neighborhood. Great curb appeal with easy to maintain front yard landscape. Meticulously kept, interior offers open floor plan with custom paint and new tile flooring. Features include dual pane windows, vaulted ceilings, updated lighting and ceiling fans. Split master suite offers large walk in closet, dual vanity in bathroom, with shower/garden tub, and plenty natural lighting with big bay window. Back yard is showcased with immaculate grass, mature trees, and large back patio perfect for entertainment. Home shows pride of ownership. Don't miss your opportunity to own this lovely home. Won't last long.

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,181
Property Tax -$196
Property Insurance -$64
HOA -$50
Property Management Fees -$99
CASH FLOW
$10

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.

$320,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.50%

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

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$24,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,3953$1,4954$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 15015 W Shaw Butte Drive Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 11956 N 152nd Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2004
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.79
    •  
  • 12041 N 151st Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2003
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 15012 W Riviera Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 15006 W Cameron Drive Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
PROPERTY LISTING DETAILS
Armando Gonzalez
Liv Az Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172002
Last Updated: 12/19/2020
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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