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15454 N 135th Drive Surprise, AZ 85374

3 Beds 2 Baths 1,548 sqft Built 1998

$299,999

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $193.80
  • 6 Days on Market
  • MLS # : 6199553
  • Updated Date : 02/27/2021 at 22:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Parker Realty Llc

Listing Agent's Description

Beautiful single level, 3 bedroom, 2 bath home for sale in West Point Towne Center! This home is move-in ready! Features include new FRESH exterior paint, vaulted ceilings, laminate flooring in common areas, and open floorplan. Stunning chefs kitchen features center island, breakfast bar, pot shelves, plenty of cabinet space, and all appliances convey! Dining area is bright and cheery. Guest bathroom is completely remodeled and gorgeous! All this as well as a Premium corner, cul-de-sac lot! Backyard offers covered patio and sparkling pool with desert landscaping. Perfect for enjoying our gorgeous AZ weather! Wonderful Surprise location close to schools, highways, shopping, and restaurants. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Point Towne Center

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: West Point Towne Center

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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

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

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,042
Property Tax -$184
Property Insurance -$57
HOA -$18
Property Management Fees -$99
CASH FLOW
$69

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.

$299,999

PROJECTED PRICE

$1,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.0%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,344

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
  • $1,490

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4203$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 15454 N 135th Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15753 N 138th Avenue Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.87
    •  
  • 13646 W Fargo Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1999
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 13798 W Port Royale Lane Surprise, AZ 4
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 2004
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 15513 N 135th Drive Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 1999
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Amy Parker
Parker Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199553
Last Updated: 02/27/2021
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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