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15239 W Bola Drive Surprise, AZ 85374

3 Beds 2 Baths 1,597 sqft Built 2004

$279,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $174.70
  • 3 Days on Market
  • MLS # : 6159852
  • Updated Date : 11/13/2020 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

3 bedroom 2 bathroom home with office in Surprise AZ, Great room layout, tile throughout with carpet in the bedrooms, light bright open floor plan, high ceilings, kitchen has oak cabinets, upgraded countertops with tiled back splash, stainless appliances & gas stove top, center island & breakfast nook, Owners suite has walk in closet & full tub shower, 2 spacious guest bedrooms & guest bath with tub/shower, Open office could be 4th bedroom if needed, laundry room with W/D included. Private back yard, covered patio, extended side yard on both sides, fruit trees, 2 car garage, AC/Heat replaced 2019, water heater 2015, both bathrooms have upgraded comfort height toilets. This home is move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orchards

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k275k

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

Neighborhood: Orchards

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9791567

* 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
Parkview Elementary School Primary Regular 880 44 3
Parkview Elementary School Middle Regular 880 44 3
Valley Vista High School High Regular 2,457 101 4

Parkview Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Parkview Elementary School

  • Education Level: Middle
  • # of students: 880
  • # of teachers: 44
3
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,029
Property Tax -$194
Property Insurance -$58
HOA -$18
Property Management Fees -$99
CASH FLOW
$32

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.

$279,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$23,491

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,4504$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 15239 W Bola Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.90
    •  
  • 17116 N Princess Place #85375 Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1999
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 15717 N 155th Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2003
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 15071 W Heritage Oak Way Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1996
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 16633 N 153rd Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sharon Mason
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159852
Last Updated: 11/13/2020
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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