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15606 W Crocus Drive Surprise, AZ 85379

4 Beds 3 Baths 2,889 sqft Built 2002

$425,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $147.11
  • 3 Days on Market
  • MLS # : 6196270
  • Updated Date : 02/19/2021 at 01:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,889 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Fall in love with this GORGEOUS 4 bedroom, 2.5 bath home with a den in Surprise. This home is in immaculate condition. Beautiful kitchen with upgraded cabinets, tons of counter space and stainless steel appliances. All tile floors downstairs. Upstairs has 4 large rooms with loft area. Other upgrades include, shutters, custom closets, RO system, Surround sound throughout, new salt water system on pool and so much more. Amazing outdoor entertaining area is complete with covered patio, artificial grass and a sparkling pool. It's the perfect spot to enjoy Arizona outdoors. You don't want to miss this house!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Park at Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Greenway Park at Surprise

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
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
 

$382,500$467,500$425,000

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 -$1,476
Property Tax -$296
Property Insurance -$83
HOA -$61
Property Management Fees -$99
CASH FLOW
-$275

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.

$425,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,465

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
  • $0.6

    LIST RENT PER SQFT
  • $1,863

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7993$1,8454$1,9755$1,975
$1,975
RENT COMPS ANALYSIS
  • 15606 W Crocus Drive Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.60
    •  
  • 15278 W Eugene Terrace Surprise, AZ 2
    • 4 beds 4 baths ∙ 2,803 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,803 Sqft ∙ Built 2005
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.64
    •  
  • 15855 W Port Royale Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.61
    •  
  • 13594 N 152nd Avenue Surprise, AZ 4
    • 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 2006
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.66
    •  
  • 16050 W Mauna Loa Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
PROPERTY LISTING DETAILS
Susan Nachtigall
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196270
Last Updated: 02/19/2021
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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