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15726 W Cottonwood Street Surprise, AZ 85374

3 Beds 2 Baths 1,472 sqft Built 1997

$267,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $181.39
  • 3 Days on Market
  • MLS # : 6206585
  • Updated Date : 03/12/2021 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

Long Realty Company

Listing Agent's Description

This Move-in Ready 3 bedroom, 2 bath single level home is located in Mountain Vista Ranch. This home has a spacious eat-in kitchen with pantry. New engineered bamboo flooring, range hood, and dishwasher installed in 2021! The backyard covered patio and built-in BBQ provides plenty of room for relaxing or entertaining. The double car garage is perfect for getting your vehicles out of the heat or added storage. The Night Owl Security Surveillance system with 4 cameras will convey. The home is located near dining, shopping and various local businesses and is within 1 mile of the Loop 303 for easy commuting. COVID RULES APPLY

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
 

$240,300$293,700$267,000

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 -$927
Property Tax -$186
Property Insurance -$56
HOA -$8
Property Management Fees -$99
CASH FLOW
$114

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.

$267,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$927

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,750
Loan Amount $200,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$26,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,391

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3903$1,3954$1,5005$1,645
$1,645
RENT COMPS ANALYSIS
  • 15726 W Cottonwood Street Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.94
    •  
  • 16125 W Cottonwood Street Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2000
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 15883 W Tasha Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 15885 W Cottonwood Street Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 15332 W Lundberg Street Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004
    LEASED 02/23/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.03
    •  
PROPERTY LISTING DETAILS
Silvia Barron
Long Realty Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206585
Last Updated: 03/12/2021
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.

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