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15132 W Pershing Street Surprise, AZ 85379

3 Beds 3 Baths 2,139 sqft Built 2006

$340,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $158.95
  • 6 Days on Market
  • MLS # : 6207921
  • Updated Date : 03/16/2021 at 22:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,139 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Fantastic opportunity with tenant in place until 1/31/22 or buy tenant out if you want to move in sooner! Beautifully updated townhome on a corner lot across the street from the ball fields, park, clubhouse & community pool! This home offers 3 bedrooms & 2.5 baths in 2139 SqFt. Living area has 2-story ceilings & 2-way gas fireplace. The kitchen has dark cabinetry, granite counters, stainless appliances, & breakfast bar for casual dining. The master is on the main level and has a spacious bath with dual vanities, jetted tub, tiled shower & walk-in closet. Two other bedrooms, full bath, & loft area are upstairs. 2 car attached garage, main floor laundry with upper/lower cabinets, plantation shutters, newer exterior paint, charming front patio with saltillo tile and much more! Fridge/washer/*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marley Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Marley Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,181
Property Tax -$298
Property Insurance -$69
HOA -$218
Property Management Fees -$99
CASH FLOW
-$85

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$340,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8003$1,8504$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 15132 W Pershing Street Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.83
    •  
  • 13343 N 152nd Avenue Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 15439 W Old Oak Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 2006
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 15367 W Dreyfus Street Surprise, AZ 4
    • 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 15411 W Eugene Terrace Terrace Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 2005
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207921
Last Updated: 03/16/2021
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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