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15135 W Windrose Drive Surprise, AZ 85379

4 Beds 3 Baths 2,217 sqft Built 2013

$400,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $180.42
  • 3 Days on Market
  • MLS # : 6164218
  • Updated Date : 12/05/2020 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This Wonderful Marley Park single story home includes 4 large bedrooms & 3 full bathrooms. The 2nd mini master bedroom would be perfect for an in-law /teenager/or rental. Enter into a wide hallway entry w/ wainscoting. There is a lovely office (or formal dining room) at the front of the home w/ beautiful wood flooring (2017). Home includes a Huge 5-point Master bedroom, Plantation shutters (2019), All new Black Stainless appliances (2020) and granite in open kitchen, Updated bathrooms w/ quartz countertops, faucets & lighting (2020), New Vinyl Wood Planks 2020). Enjoy sitting on your front porch watching the kids ride their bikes on the sidewalk. Large grass lawn in back & another large covered patio to enjoy while cooking outside. Solar is only $105 per month

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
Marley Park Elementary School Primary Regular 1,143 55 8
Marley Park Elementary School Middle Regular 1,143 55 8
Dysart High School High Regular 1,604 73 3

Marley Park Elementary School

  • Education Level: Primary
  • # of students: 1,143
  • # of teachers: 55
8
GreatSchools Rating

Marley Park Elementary School

  • Education Level: Middle
  • # of students: 1,143
  • # of teachers: 55
8
GreatSchools Rating

Dysart High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,476
Property Tax -$348
Property Insurance -$70
HOA -$117
Property Management Fees -$99
CASH FLOW
-$460

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.

$400,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.41%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$565

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
  • $1,635

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6004$1,6655$1,695
$1,695
RENT COMPS ANALYSIS
  • 15135 W Windrose Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15174 W Desert Hills Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 12642 N 150th Lane Surprise, AZ 3
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 15047 W Windrose Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.77
    •  
  • 14824 W Windrose Drive Surprise, AZ 5
    • 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
PROPERTY LISTING DETAILS
Stephanie P Vogel
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164218
Last Updated: 12/05/2020
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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