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15125 W Mercer Lane Surprise, AZ 85379

4 Beds 3 Baths 3,628 sqft Built 2004

$479,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $132.28
  • 4 Days on Market
  • MLS # : 6202441
  • Updated Date : 03/04/2021 at 23:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,628 sqft
  • Baths : 3 full
Listing Agent

Homelife Ambassador Realty

Listing Agent's Description

Elegant and spacious. From the moment you pull up to this spectacular home, you will be impressed. Paver walkway leads you up to a custom Iron door. As you enter, you are greeted into a formal living/dining room with tile flooring throughout. The kitchen is a cooks dream with upgraded 42'' cabinetry with custom accent pieces, gas cooktop, wall oven with built-in microwave, granite countertops, oversized island with breakfast bar, walk in pantry and tons of storage. Large nook area for dining and family room with soaring 20 foot ceilings. There is a large bedroom downstairs with a full bathroom that is great for guests or an office area. Large laundry room has built in cabinetry. Upgraded stained wood staircase leads you up to a large loft area, 3 additional bedrooms, and 2 more bathrooms

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9711567

* 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
Dysart High School High Regular 1,604 73 3

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,667
Property Tax -$294
Property Insurance -$98
HOA -$50
Property Management Fees -$99
CASH FLOW
-$278

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.

$479,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $2,077

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9303$2,1954$2,1955$2,450
$2,450
RENT COMPS ANALYSIS
  • 15125 W Mercer Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,628 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,628 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.53
    •  
  • 14597 W Shaw Butte Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2005
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.50
    •  
  • 15654 W Sierra Street Surprise, AZ 3
    • 5 beds 4 baths ∙ 3,950 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,950 Sqft ∙ Built 2014
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.56
    •  
  • 15240 W Cortez Street Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,684 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,684 Sqft ∙ Built 2003
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.60
    •  
  • 15739 W Shangri La Road Surprise, AZ 5
    • 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.63
    •  
PROPERTY LISTING DETAILS
Jerry Cravens
Homelife Ambassador Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202441
Last Updated: 03/04/2021
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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