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15759 W Desert Mirage Drive Surprise, AZ 85379

5 Beds 3 Baths 3,924 sqft Built 2005

$529,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.04
  • 4 Days on Market
  • MLS # : 6198790
  • Updated Date : 02/28/2021 at 00:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,924 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

STUNNING entertainer's DREAM! This 5 bed 3 bath home has wow around every corner and an option for a mother-in law suite, extra bonus area or secluded office space. Sky high ceilings, a 2nd story balcony, and an OASIS of outdoor living at its finest! This meticulously cared-for home has new interior and exterior paint, upgraded kitchen, huge bonus wet-bar, upgraded landscaping front and back to name a few. This large lot allows for entertainment options galore: a huge front patio, sparkling pool and backyard with cozy fire pit seating area. You won't feel a bit cramped in this spacious home! Better grab this beauty before it is gone.

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
 

$476,910$582,890$529,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,841
Property Tax -$368
Property Insurance -$104
HOA -$22
Property Management Fees -$99
CASH FLOW
-$214

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.

$529,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.42%

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-$5.0k$0.0$5.0k$10k$15k

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$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,1953$2,2204$2,450
$2,450
RENT COMPS ANALYSIS
  • 15759 W Desert Mirage Drive Surprise, AZ 3
    • 5 beds 3 baths ∙ 3,924 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,924 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.57
    •  
  • 15654 W Sierra Street Surprise, AZ 1
    • 5 beds 4 baths ∙ 3,950 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,950 Sqft ∙ Built 2014
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.56
    •  
  • 15240 W Cortez Street Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,684 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,684 Sqft ∙ Built 2003
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.60
    •  
  • 15739 W Shangri La Road Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,883 Sqft ∙ Built 2005
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.63
    •  
PROPERTY LISTING DETAILS
Valerie Hickson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198790
Last Updated: 02/28/2021
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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