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15302 N 158th Lane Surprise, AZ 85379

4 Beds 3 Baths 2,886 sqft Built 2000

$383,555

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $132.90
  • 6 Days on Market
  • MLS # : 6165444
  • Updated Date : 12/01/2020 at 12:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,886 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pro-formance Realty Concepts

Listing Agent's Description

DIAMOND IN THE ROUGH located in sought after Greenway Parc I subdivision. Beautiful front w/ stone veneer, flagstone, artificial grass accents and huge driveway extension paved well behind double RV gate. Massive pie shaped back yard is a blank canvass with plenty of room for a pool, outdoor kitchen and fireplace. INSIDE: Open floor plan, Office/Den next to 1/2 bath, Eat-in Kitchen, formal Lve & Din Rms, huge pantry. Interior in need of cosmetic renovation and repairs. A bit of imagination and TLC will make this an entertainment showplace!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Park at Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Greenway Park at Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8841567

* 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
Countryside Elementary School Primary Regular 970 44 6
Countryside Elementary School Middle Regular 970 44 6
Shadow Ridge High School High Regular 1,735 77 4

Countryside Elementary School

  • Education Level: Primary
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Countryside Elementary School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$345,200$421,911$383,555

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,415
Property Tax -$267
Property Insurance -$83
HOA -$69
Property Management Fees -$99
CASH FLOW
-$243

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.

$383,555

PROJECTED PRICE

$1,690

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,392

INVESTMENT

$107,392

Down Payment
$95,889
Rehab Estimate
$5,750
Closing Costs
$5,753

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,415

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,889
Loan Amount $287,666
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,267

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
  • $1,833

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6754$1,8455$1,975
$1,975
RENT COMPS ANALYSIS
  • 15302 N 158th Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15471 W Statler Circle Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.61
    •  
  • 16191 N 157th Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 1999
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.65
    •  
  • 15855 W Port Royale Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.61
    •  
  • 16050 W Mauna Loa Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
PROPERTY LISTING DETAILS
Lauren Morgan
Pro-formance Realty Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165444
Last Updated: 12/01/2020
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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