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15576 W Yucatan Drive Surprise, AZ 85379

3 Beds 2 Baths 2,568 sqft Built 2005

$540,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $210.28
  • 5 Days on Market
  • MLS # : 6205249
  • Updated Date : 03/11/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,568 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Your home sweet home is here! This breathtaking property is nestled in the highly sought after Greer Ranch Community. Amazing Pride of Ownership-split Floor plan home with and additional large guest suite with sitting area and big walk in closet. From the moment you drive up you have a lush green landscaping and stone veneer accents on the facade. As you enter, you'll see a marvelous interior complete with a formal living room with vaulted ceilings, surround sound throughout home and patio, plantation shutters, and a dining room with a beautiful mirrored wall. Become the best home chef in this gourmet eat-in kitchen providing SS appliances, tiled back-splash, granite counter-tops, pantry, and centered island w/breakfast bar. Kitchen is well equipped with double ovens, cooktop,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greer Ranch South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Greer Ranch South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9791981

* 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,876
Property Tax -$375
Property Insurance -$77
HOA -$22
Property Management Fees -$99
CASH FLOW
-$529

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$540,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,761

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8753$1,9204$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 15576 W Yucatan Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,568 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,568 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.75
    •  
  • 15368 W Yucatan Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2005
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 15731 W Shaw Butte Drive Surprise, AZ 2
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 11787 N 156th Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,466 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,466 Sqft ∙ Built 2007
    property image
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 15543 W Jenan Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2013
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
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 #: 6205249
Last Updated: 03/11/2021
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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