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15152 W Windrose Drive Surprise, AZ 85379

4 Beds 3 Baths 1,988 sqft Built 2006

$340,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $171.03
  • 2 Days on Market
  • MLS # : 6154935
  • Updated Date : 11/01/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,988 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Western Realty,llc

Listing Agent's Description

This home has Style and Character! Beautiful and nestled in the subdivision at Marley Park. Spacious floor plan with Living Room, Family Room and Master Bedroom downstairs. 3 large bedrooms upstairs, Formal living room and spacious family room, eat in kitchen, kitchen offers granite counter tops, plenty of cabinet space, large island and more. Great community amenities and much more!!! Come and See 4 Yourself. Home is being sold as is

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
 

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

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,254
Property Tax -$296
Property Insurance -$66
HOA -$110
Property Management Fees -$99
CASH FLOW
-$315

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

$1,510

PROJECTED RENT

0.44%

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

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,6003$1,6654$1,6755$1,700
$1,700
RENT COMPS ANALYSIS
  • 15152 W Windrose Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.76
    •  
  • 12642 N 150th Lane Surprise, AZ 2
    • 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 3
    • 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
    •  
  • 13313 N Founders Park Boulevard Surprise, AZ 4
    • 4 beds 4 baths ∙ 2,139 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,139 Sqft ∙ Built 2006
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.78
    •  
  • 15182 W Aster Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2006
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Nora Vaughn
Arizona Western Realty,llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154935
Last Updated: 11/01/2020
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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