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15061 N 159th Drive 
Surprise, AZ
85379
3 Beds 2 Baths 2,166 sqft
Built 2003
INVESTimate
$300,000
List Price
$85,250
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $138.50
- 3 Days on Market
- MLS # : 6121813
- Updated Date : 08/25/2020 at 17:32
CONSTRUCTION
- Beds : 3
- Floor Size : 2,166 sqft
- Baths : 2 full
Listing Agent
Libertas Real Estate
Listing Agent's Description
This marvelous home wraps you in casual elegance from the moment you set foot in the door. The Fabulous Gourmet Kitchen will drive you to cook! With its' electric range and two door oven , to the lovely extended Granite counter tops, you won't mind doing dishes in either the over-sized Farmhouse Apron sink or the TWO drawer dishwasher.How many of your friends have that? Take a look outside at the great covered patio, built-in BBQ, eating area and jacuzzi. This Three Bedroom plus a Den has it all!
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PRICE & RENT TRENDS
Neighborhood: Legacy Parc
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Legacy Parc
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$209 | |
| Property Insurance | -$69 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$19
|
||
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
$1,520
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.46% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
5.33
YEARS SAVED
$19,426
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,679
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
15061 N 159th Drive Surprise, 3
- 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,520
- $0.70
-
15935 W Evans Drive Surprise, 1
- 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2004
LEASED 09/10/19- Rent
- Rent Per SQFT
- $1,495
- $0.74
-
15953 W Gelding Drive Surprise, 2
- 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2004
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.75
-
15921 W Gelding Drive Surprise, 4
- 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2004
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,575
- $0.78
-
16091 W Desert Lane Surprise, 5
- 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2001
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,695
- $0.83
PROPERTY LISTING DETAILS
Libertas Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121813
Last Updated: 08/25/2020
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.
