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15098 W Cactus Ridge Way Surprise, AZ 85374

2 Beds 2 Baths 1,138 sqft Built 2001

$299,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $263.53
  • 5 Days on Market
  • MLS # : 6155961
  • Updated Date : 11/06/2020 at 18:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,138 sqft
  • Baths : 2 full
Listing Agent

Realty Arizona Elite Group, Llc

Listing Agent's Description

Wow! Just completed! Gorgeous Remodel!This Turn Key home Features; New Custom Ivory White Cabinets thru-out dressed in Brushed Nickel, Stunning slab granite kitchen countertops, Stainless steel farm sink, all black appliances, Beautiful backsplash with a classic deco, Charming pendant lighting, Breakfast bar, Pantry & Eat in kitchen. Contemporary gray vinyl plank flooring, Fresh Designer 2 tone paint, 5 inch custom baseboards, plush new carpet, new ceiling fans & window blinds! Lovely Master suite with sitting area, Nice bay window, Luxurious tiled shower with clear glass door, new lighting & mirrors, classic barn door and big walk in closet. Large covered patio with low maintenance backyard, AC unit less than 10 years old, fresh epoxy on 2.5 car garage, close to everything! Hurry!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Cholla Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k371k

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

Neighborhood: Sun City Grand Cholla Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9792444

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,107
Property Tax -$209
Property Insurance -$49
HOA -$11
Property Management Fees -$99
CASH FLOW
-$174

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.

$299,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,115

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
  • $1,215

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3504$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 15098 W Cactus Ridge Way Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14575 W Mountain View Boulevard #10105 Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,289 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,289 Sqft ∙ Built 2006
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 14575 W Mountain View Boulevard #423 Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 2006
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
  • 14575 W Mountain View Boulevard #222 Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 2006
    property image
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 17919 N Reno Avenue Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1998
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Todd M Cass
Realty Arizona Elite Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155961
Last Updated: 11/06/2020
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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