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15041 W Bottle Tree Avenue Surprise, AZ 85374

3 Beds 2 Baths 1,234 sqft Built 1995

$285,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $230.96
  • 3 Days on Market
  • MLS # : 6196125
  • Updated Date : 02/19/2021 at 21:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful home with nice curb appeal in a neighborhood with lakes, walking trails, and playgrounds throughout. Home has vaulted ceilings, stylish gray & white color palette, wood look tile floors in entire home, Plantation Shutters, and ceiling fans throughout. The kitchen has oak cabinets, island, and hidden corner pullouts to maximize cabinet storage. Sizable secondary bedrooms and an extra large Safestep walk in tub jacuzzi in the master bathroom with air jet therapy, light therapy and a heated seat. The serene backyard has a large covered patio with outdoor fireplace, brick paver extended patio, and an inviting gazebo. Storage shed in backyard, and an outlet and slab for a spa. There are also storage cabinets in the garage. Fridge, washer and dryer to convey with home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8921567

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$990
Property Tax -$173
Property Insurance -$51
HOA -$14
Property Management Fees -$99
CASH FLOW
$43

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.

$285,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.0%
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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$21,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,3704$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 15041 W Bottle Tree Avenue Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.11
    •  
  • 15129 W Elko Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1999
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.17
    •  
  • 17717 N Woodrose Avenue Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1998
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
  • 17133 N Woodrose Avenue Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.11
    •  
  • 17923 N Reno Avenue Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.09
    •  
PROPERTY LISTING DETAILS
Jill Platt
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196125
Last Updated: 02/19/2021
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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