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15031 W Woodridge Drive Surprise, AZ 85374

2 Beds 2 Baths 1,782 sqft Built 2001

$459,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $257.58
  • 3 Days on Market
  • MLS # : 6187698
  • Updated Date : 02/28/2021 at 02:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Stunningly beautiful and recently renovated home with Paid Solar System Do not purchase a home without first seeing this home! All new flooring in every room, master bathroom with glass shower doors, rain fall shower, granite counter tops vessel sink, waterfall faucet. Guest bath has jetted heated tub, rain shower, vessel sink waterfall faucet. New interior paint, upgraded kitchen with matching granite, two tone cabinets, new kitchen appliances and new lighting fixtures. Updated windows and plantation shutters throughout!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Desert Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k356k

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

Neighborhood: Sun City Grand Desert Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9792299

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,594
Property Tax -$319
Property Insurance -$62
HOA -$11
Property Management Fees -$99
CASH FLOW
-$85

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.

$459,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6504$1,7005$2,000
$2,000
RENT COMPS ANALYSIS
  • 15031 W Woodridge Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 14703 W Calumet Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 14637 W Bison Path Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
  • 16513 N 150th Drive Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,828 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,828 Sqft ∙ Built 2004
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 14612 W Bison Path Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,918 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,918 Sqft ∙ Built 1993
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Wayne Himple
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187698
Last Updated: 02/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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