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15227 W Bloomfield Road Surprise, AZ 85379

5 Beds 4 Baths 2,929 sqft Built 2013

$550,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $187.78
  • 4 Days on Market
  • MLS # : 6188085
  • Updated Date : 02/06/2021 at 17:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,929 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

You've found the PERFECT home in Marley Park featuring FIVE bedrooms with the main bedroom DOWNSTAIRS, 3.5 bathrooms, LOFT, 3-CAR garage, POOL, and located on a quiet street just one house away from Founder Park. Inside you'll find a spacious and open kitchen with granite counter tops, travertine backsplash, stainless appliances, and large island. The main bedroom features dual walk-in closets, separate shower and tub, and dual vanity. Three of the upstairs bedrooms feature walk-in closets plus there is an additional walk-in storage closet in the loft. All of this located in the amazing community of Marley Park, featuring two community pools & 15 unique parks connected by an Arbor Walk & within walking distance of schools.

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,910
Property Tax -$479
Property Insurance -$84
HOA -$117
Property Management Fees -$99
CASH FLOW
-$689

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.

$550,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.36%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,999

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,0004$2,0955$2,235
$2,235
RENT COMPS ANALYSIS
  • 15227 W Bloomfield Road Surprise, AZ 3
    • 5 beds 4 baths ∙ 2,929 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,929 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 11930 N 150th Lane Surprise, AZ 1
    • 5 beds 4 baths ∙ 2,834 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,834 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.64
    •  
  • 15078 W Larkspur Drive Surprise, AZ 2
    • 5 beds 3 baths ∙ 2,882 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,882 Sqft ∙ Built 2004
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 14982 W Columbine Drive Surprise, AZ 4
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 14974 W Columbine Drive Surprise, AZ 5
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,235
    • $0.72
    •  
PROPERTY LISTING DETAILS
Christie Giannetto
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188085
Last Updated: 02/06/2021
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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