Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15537 N 159th Court Surprise, AZ 85374

3 Beds 2 Baths 1,693 sqft Built 2000

$364,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $215.53
  • 3 Days on Market
  • MLS # : 6190540
  • Updated Date : 02/12/2021 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,693 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

What a rare find in Mountain Vista Ranch! Updated 3 bedroom, 2 bathroom, with a den situated on an over sized CUL-DE-SAC lot.North/South exposure with mature landscaping, shed, CHICKEN COOP, additional concrete patio prewired for HOT TUB, fire pit, BBQ area,and RV GATE. Open and light floor plan with vaults over kitchen, DR, FR, and Mbed. Fresh paint, NEW 16.5 SEAR TRANE 410a AC SYSTEM,9kw OWNED SOLAR SYSTEM, NEW ADDITIONAL INSULATION, SEALED DUCTWORK, NEW WINDOWS in FR with 25 year warranty, NEWDISPOSAL, sun screens, French doors to patio, upgraded front door, security doors, SS appliances, NEW OVERSIZED WOOD PLANK TILETHROUGHOUT, upgraded faucets, FANCY TOILETS, lighting package, crown molding, updated bath accessories, and alarm system. Super clean home ready for it's next own

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9021567

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

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

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,267
Property Tax -$254
Property Insurance -$60
HOA -$8
Property Management Fees -$99
CASH FLOW
-$79

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

$1,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 50% 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

4.42

YEARS SAVED

$15,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5953$1,6104$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 15537 N 159th Court Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.95
    •  
  • 15676 W Caribbean Lane Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 16028 N 159th Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 15938 W Monte Cristo Avenue Surprise, AZ 4
    • 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 15509 N 160th Avenue Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Travis Smith
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190540
Last Updated: 02/12/2021
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.

BESbswy