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15171 W Andora Street Surprise, AZ 85379

4 Beds 3 Baths 2,607 sqft Built 2005

$415,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $159.19
  • 1 Days on Market
  • MLS # : 6212048
  • Updated Date : 03/27/2021 at 20:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,607 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

You've found the PERFECT home in Marley Park located within walking distance the Marley Park Pool House and Heritage Club House. This home features a NEW ROOF (2020) and NEW AC units (2018 and 2020). The floor plan features one bedroom and bathroom with tub downstairs, main bedroom with balcony and two additional bedrooms upstairs, as well as spacious loft with fun theater/stage. Private yard includes hot tub, raised garden bed, turf, and cafe lighting. EVERYTHING has been updated with custom touches that are too numerous and beautiful to describe in words...so check out the HD Video walk through and 3D Virtual Tour or, better yet, schedule a showing! All of this located in the amazing community of Marley Park, featuring three community pools & 15 unique parks connected by an Arbor Walk.

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
 

$373,500$456,500$415,000

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 -$1,441
Property Tax -$345
Property Insurance -$78
HOA -$218
Property Management Fees -$99
CASH FLOW
-$252

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.

$415,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.47%

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,558

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
  • $0.74

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8503$1,9304$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 15171 W Andora Street Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.74
    •  
  • 13313 N Founders Park Boulevard Surprise, AZ 1
    • 4 beds 4 baths ∙ 2,516 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,516 Sqft ∙ Built 2006
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.71
    •  
  • 13343 N 151st Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2005
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 15342 W Old Oak Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 15223 W Redfield Road Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2005
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Christie Giannetto
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212048
Last Updated: 03/27/2021
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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