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15471 W Mescal Street Surprise, AZ 85379

4 Beds 2 Baths 1,853 sqft Built 2003

$293,850

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $158.58
  • 3 Days on Market
  • MLS # : 6160133
  • Updated Date : 11/13/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Beautifully updated family home with 4 bedrooms & 2 full baths in 1853 SqFt with separate living/dining and separate family rooms. The eat-in kitchen features grey oak cabinetry with crown molding, granite countertops, herringbone tile backsplash, stainless appliances, built-in desk, double door pantry, and island with breakfast bar & custom pendant lighting. Sliding doors lead out from the family room to the covered paver patio with ceiling fan and low maintenance backyard. The master bedroom has an en-suite bath with extended vanity, framed mirrors, tub/shower combo, and walk-in closet. Other features include a 2 car garage with epoxy floors, newer smart Trane A/C (2 years old), designer two-tone paint throughout, & much more! Schedule your showing today!

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
Rancho Gabriela Elementary School Primary Regular 1,158 50 7
Rancho Gabriela Elementary School Middle Regular 1,158 50 7
Dysart High School High Regular 1,604 73 3

Rancho Gabriela Elementary School

  • Education Level: Primary
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Rancho Gabriela Elementary School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 50
7
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$264,465$323,235$293,850

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,084
Property Tax -$180
Property Insurance -$63
HOA -$50
Property Management Fees -$99
CASH FLOW
-$87

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.

$293,850

PROJECTED PRICE

$1,390

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,620

INVESTMENT

$83,620

Down Payment
$73,463
Rehab Estimate
$5,750
Closing Costs
$4,408

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,463
Loan Amount $220,388
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,577

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
  • $1,441

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3504$1,5255$1,599
$1,599
RENT COMPS ANALYSIS
  • 15471 W Mescal Street Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15454 W Cameron Drive Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 15425 W Sierra Street Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 15428 W Canterbury Drive Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2007
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.79
    •  
  • 11351 N 153rd Drive Surprise, AZ 5
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.85
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160133
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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