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15426 W Mercer Lane Surprise, AZ 85379

4 Beds 2 Baths 2,150 sqft Built 2003

$364,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $169.72
  • 2 Days on Market
  • MLS # : 6193833
  • Updated Date : 02/13/2021 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Lovely 4 bed, 2 bath two-story, located in the Rancho Gabriela community in Surprise. Formal living & dining rooms have gorgeous laminate wood floors. Vaulted ceilings, soft color palette throughout home. The spacious open floor plan has tile floors, eat-in kitchen, breakfast bar, with lots of cabinet storage space, and a walk-in pantry. Powder room downstairs. Great loft area with lots of natural light upstairs. All Bedrooms have carpet & ceiling fans. The primary bedroom has a full bath including double sinks and separate tub and shower, and a LARGE walk-in closet.The serene backyard oasis has a extended covered patio, sparkling pool, nice lawn area for the kids & pets to play, and privacy foliage. Don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $108k271k

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

Neighborhood: Rancho Gabriela

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9711567

* 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
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,267
Property Tax -$224
Property Insurance -$69
HOA -$50
Property Management Fees -$99
CASH FLOW
-$249

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.

$364,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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

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$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,4953$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 15426 W Mercer Lane Surprise, AZ 1
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.68
    •  
  • 15006 W Cameron Drive Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 11822 N 154th Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2008
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 15410 W Laurel Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 15346 W Laurel Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2003
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193833
Last Updated: 02/13/2021
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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