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15737 W Star View Lane Surprise, AZ 85374

2 Beds 2 Baths 1,418 sqft Built 2000

$325,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $229.20
  • 2 Days on Market
  • MLS # : 6165563
  • Updated Date : 11/28/2020 at 11:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,418 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

REFRESHED-REJUVENATED, this simply wonderful 2 Bedroom SONOMA. $50,000 of enhancements make this home inviting and comfortable. New Carrier Furnace & AC in 2018. Fresh paint inside & out. New front iron security door. New handsome off-set floor tile, only BR's are carpeted. Kitchen features New Granite counters, New SS appliances, New disposal and cabinet hardware. Master Bath has new higher vanity, mirror, lights, shower door, and hi-rise toilet. Spacious rear patio w/pony wall has extended cover and offers privacy. Yard irrigation system was upgraded with PVC. Storage room off kitchen has full wall of cabinets - terrific added pantry and place for extra small kitchen appliances. Cabinets in Garage provide additional storage. Front courtyard. Landscape yard lights.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Granite Falls

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k415k

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

Neighborhood: Sun City Grand-Granite Falls

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792087

* 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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,199
Property Tax -$226
Property Insurance -$55
HOA -$11
Property Management Fees -$99
CASH FLOW
-$20

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.

$325,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 1.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4504$1,5005$1,570
$1,570
RENT COMPS ANALYSIS
  • 15737 W Star View Lane Surprise, AZ 5
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.11
    •  
  • 17720 N Havasupai Drive Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 2000
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.24
    •  
  • 17704 N Sundown Court Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.23
    •  
  • 15907 W Sunstone Lane Surprise, AZ 3
    • 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 16085 W Sun Prairie Court Surprise, AZ 4
    • 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,183 Sqft ∙ Built 1999
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Parke Heffern
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165563
Last Updated: 11/28/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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