Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15025 W Mauna Loa Lane Surprise, AZ 85379

4 Beds 2 Baths 1,952 sqft Built 2000

$300,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $153.69
  • 4 Days on Market
  • MLS # : 6154446
  • Updated Date : 11/02/2020 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,952 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This is your change to own a fantastic single level located on a prime corner lot in Surprise! This 4 bedrooms, 2 bathrooms home offers mature front yard with 2 car garage, convenient RV gate and paver entryway. Inside a sense of openness & greater traffic flow is promoted by an open floor plan ideal for entertaining. Tile flooring, tons of natural light and den are some features worth mentioning. Fabulous kitchen includes espresso cabinets, stainless steel appliances, granite countertops, mosaic backsplash, breakfast bar and breakfast room. Master suite has carpet, sliding glass doors to back patio, walk-in closet, and full bath with double sinks & separate tub/shower. Nice size backyard offers great potential to be customize. Don't miss this wonderful opportunity & book a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k271k

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

Neighborhood: Ashton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8691567

* 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
Ashton Ranch Elementary School Primary Regular 1,025 43 4
Ashton Ranch Elementary School Middle Regular 1,025 43 4
Valley Vista High School High Regular 2,457 101 4

Ashton Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,025
  • # of teachers: 43
4
GreatSchools Rating

Ashton Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 43
4
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,107
Property Tax -$184
Property Insurance -$65
HOA -$49
Property Management Fees -$99
CASH FLOW
-$24

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.

$300,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,4855$1,500
$1,500
RENT COMPS ANALYSIS
  • 15025 W Mauna Loa Lane Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15549 W Lisbon Lane Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 2001
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 14920 N 150th Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2000
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 15457 W Port Au Prince Lane Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 2001
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.79
    •  
  • 14911 W Banff Lane Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2000
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Patrick Halpine
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154446
Last Updated: 11/02/2020
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.

BESbswy