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15725 W Eucalyptus Court Surprise, AZ 85374

2 Beds 2 Baths 2,035 sqft Built 2000

$385,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $189.19
  • 3 Days on Market
  • MLS # : 6199886
  • Updated Date : 02/27/2021 at 15:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,035 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Location, location. This beautiful home is turn key (ART does NOT convey). New patio & side walk surface. Newly painted. Home has been well cared for! Some of the other features of the home include: neutral carpet & brick weave tile, granite & large island in kitchen, GE appliances, bay window & dual sinks in master suite, ceiling fans, den, raised panel doors, 2 yr old W & D, new hot water heater, ext. garage, front court yard & a beautiful fenced in back yard with ext. patio. Perfect for entertaining family and friends. This home is close to all the amenities in Grand. You can walk across the street & practice your putting & chipping. Speaking of amenities: 4 courses, 2 Rec Cntrs, numerous pools, pickle ball, bocce ball, pottery & photography clubs & much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Willow Grove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k362k

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

Neighborhood: Sun City Grand Willow Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792092

* 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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,337
Property Tax -$269
Property Insurance -$67
HOA -$11
Property Management Fees -$99
CASH FLOW
$167

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.

$385,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.51%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$38,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,949

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8753$1,9504$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 15725 W Eucalyptus Court Surprise, AZ 3
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 20029 N Cielo Court Surprise, AZ 1
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 20013 N Siesta Rock Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
  • 16135 W Casa Bonita Court Surprise, AZ 4
    • 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,035 Sqft ∙ Built 1999
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 17307 N Stone Haven Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Treedah J. Magee
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199886
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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