Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15126 W Mercer Lane Surprise, AZ 85379

4 Beds 3 Baths 2,839 sqft Built 2004

$394,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $139.10
  • 2 Days on Market
  • MLS # : 6194638
  • Updated Date : 03/13/2021 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,839 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Opportunity only knocks once, here's your chance at a great family home in an awesome community. Spacious 4 Bedroom, 2.50 Bath home with a Large upstairs loft with Surround Sound & Projector Hookup's for Entertaining. (Great Theater Room). Spacious Kitchen, Large Island, Upgraded Cherry Cabinets, Corian Countertops & Upgraded Appliances. Great Room has Dark Hardwood Flooring & Surround Sound with Media Wall. Large Corner Lot with R.V. Gate & Lots of Mature Palm Trees & Fruit Trees. Expanded Backyard Covered Patio Area. Solar is Included & OWNED (Not Leased) Both HVAC's were replaced in 2020. New Exterior Paint 2/2021. New Water Heater 1/21.

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
 

$355,410$434,390$394,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,372
Property Tax -$242
Property Insurance -$83
HOA -$50
Property Management Fees -$99
CASH FLOW
$245

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.

$394,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k$20k

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$110,399

INVESTMENT

$110,399

Down Payment
$98,725
Rehab Estimate
$5,750
Closing Costs
$5,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,725
Loan Amount $296,175
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$47,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,094

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0903$2,1004$2,1255$2,250
$2,250
RENT COMPS ANALYSIS
  • 15126 W Mercer Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.74
    •  
  • 15119 W Mercer Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.70
    •  
  • 15128 W Desert Mirage Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 15011 W Mercer Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2004
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.75
    •  
  • 15615 W Jenan Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2014
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
PROPERTY LISTING DETAILS
Mike Fillion
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194638
Last Updated: 03/13/2021
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.

BESbswy