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15450 W Tasha Circle W Surprise, AZ 85374

4 Beds 3 Baths 3,169 sqft Built 2005

$399,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $125.91
  • 4 Days on Market
  • MLS # : 6154653
  • Updated Date : 11/02/2020 at 13:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,169 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

This Beautiful home is located in the highly desired community of the Orchards. With the great Arizona weather you will be able to enjoy the heated pool and spa all year round. Boasting 3 generously sized bedrooms and Family room/Loft upstairs, a master suite and a large Den/Office in the front room downstairs. You will have many options for storage, expanding, and entertaining. Your new home comes with surround sound, granite, upgraded cabinetry, recessed lighting, and plush carpet. Located in a cul-de-sac with easy access to the loop 303 and a wide variety of dining, shopping, and entertainment. This home does not disappoint. Schedule your showing today!

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,472
Property Tax -$277
Property Insurance -$89
HOA -$17
Property Management Fees -$99
CASH FLOW
-$214

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.

$399,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8453$1,9954$2,0955$2,095
$2,095
RENT COMPS ANALYSIS
  • 15450 W Tasha Circle W Surprise, AZ 1
    • 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.55
    •  
  • 15855 W Port Royale Lane Surprise, AZ 2
    • 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
    •  
  • 16227 N 153 Avenue Surprise, AZ 3
    • 3 beds 4 baths ∙ 3,169 Sqft ∙ Built 2005 3 beds 4 baths ∙ 3,169 Sqft ∙ Built 2005
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.63
    •  
  • 15931 W Acapulco Lane Surprise, AZ 4
    • 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2002
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.64
    •  
  • 15453 W Post Circle Surprise, AZ 5
    • 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 2005
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.66
    •  
PROPERTY LISTING DETAILS
Michelle Reese
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154653
Last Updated: 11/02/2020
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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