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15202 W Evening Star Trail Surprise, AZ 85374

3 Beds 3 Baths 1,500 sqft Built 1999

INVESTimate

$299,900

List Price

$1,350

$1,215 - $1,485

Rent Est.

$329,920  ( +10.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $199.93
  • 5 Days on Market
  • MLS # : 6121401
  • Updated Date : 08/25/2020 at 13:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this gorgeous 3 bed, 3 bath property now for sale in Surprise! Featuring low maintenance landscaping with a Guest Suite/Separate Pool House. 2 car garage with an RV gate. You simply won't believe your eyes! Inside you will find vaulted ceilings, dining/living areas, guest quarters with their own kitchen, and neutral paint throughout. The charming kitchen is equipped with ample cabinet and counter space, a pantry, and all the appliances you need for home cooking. The beautiful master bedroom boasts a full bath along with a walk-in closet for all your belongings. The stunning backyard boasts a covered patio, a sparkling blue pool, and a refreshing pool perfect for the summer! Your new home is waiting for you, schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Kingswood Parke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8921567

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,107
Property Tax -$179
Property Insurance -$56
HOA -$41
Property Management Fees -$99
CASH FLOW
-$132

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.

$299,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,790

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
  • $1,391

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3254$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 15202 W Evening Star Trail Surprise, 1
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15044 W Jackpot Way Surprise, 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1997
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
  • 14904 W Lupine Lane Surprise, 3
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1997
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
  • 15028 W Bottle Tree Avenue Surprise, 4
    • 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 15334 W Melissa Lane Surprise, 5
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1999
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
PROPERTY LISTING DETAILS
Rodney Barnes
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121401
Last Updated: 08/25/2020
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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