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15802 W Silver Breeze Drive Surprise, AZ 85374

3 Beds 2 Baths 2,298 sqft Built 1999

$399,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $173.63
  • 4 Days on Market
  • MLS # : 6211853
  • Updated Date : 03/25/2021 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,298 sqft
  • Baths : 2 full
Listing Agent

Leolinda Realty

Listing Agent's Description

Sun City Grand Stonecrest Model With 3 Bedrooms And 2 Baths. Home Is North/South Orientation And Features Front Courtyard Patio, Vaulted Ceilings, Split Bedrooms, Stainless Appliances, Raised Panel Doors, Media Wall, Bay Window In Master Bedroom, Two Sinks And Separate Tub/Shower In Master Bath, Central Vacuum System, Inside Laundry, and Front Loading Washer & Dryer. Third Bedroom Has Built-In Murphy Bed. The Extended Covered Patio Has A Built-In Outdoor Kitchen; It Provides Lots Of Space To Relax Or Entertain. The Large Backyard Has A Water Feature And Fruit Trees.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Desert Sage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Neighborhood: Sun City Grand Desert Sage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9791842

* 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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,386
Property Tax -$289
Property Insurance -$72
HOA -$11
Property Management Fees -$99
CASH FLOW
$23

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.

$399,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5504$1,880
$1,880
RENT COMPS ANALYSIS
  • 15802 W Silver Breeze Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.82
    •  
  • 15149 W Rachel Circle Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997
    property image
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 15015 W Heritage Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 15809 W La Paloma Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
PROPERTY LISTING DETAILS
Leolinda Bowers
Leolinda Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211853
Last Updated: 03/25/2021
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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