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15803 W Maui Lane Surprise, AZ 85379

4 Beds 3 Baths 2,886 sqft Built 2001

$488,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $169.09
  • 118 Days on Market
  • MLS # : 6106243
  • Updated Date : 11/14/2020 at 20:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,886 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Must See!!, Immaculate home located in the popular Greenway Park Comm. Just Remodeled! 4 bedroom, 2.5 bath on a huge cul-de-sac lot! Huge Loft upstairs Amazing kitchen with granite counter tops & backsplash, all brand new stainless steal appliances. Formal Dinning and Family room. All new tile flooring downstairs. New light fixtures, new bathroom vanities and fixtures. RESORT like backyard with a tranquil unwind area including a fountain. Full kitchen and BBQ area with built-in fridge, & Ramada. But wait there's more A jacuzzi , RV Gate, lush green area for entertainment/activities. You will fall in love the first time you see it. It is conveniently close to everything!! shopping, schools, entertainment please schedule your appointment @ showingtime.. Its vacant Go and show

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Park at Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Greenway Park at Surprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8841567

* 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
Countryside Elementary School Primary Regular 970 44 6
Countryside Elementary School Middle Regular 970 44 6
Shadow Ridge High School High Regular 1,735 77 4

Countryside Elementary School

  • Education Level: Primary
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Countryside Elementary School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$439,200$536,800$488,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,801
Property Tax -$339
Property Insurance -$83
HOA -$12
Property Management Fees -$99
CASH FLOW
-$624

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.

$488,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.35%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,070

INVESTMENT

$135,070

Down Payment
$122,000
Rehab Estimate
$5,750
Closing Costs
$7,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,801

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,000
Loan Amount $366,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,6504$1,8455$1,975
$1,975
RENT COMPS ANALYSIS
  • 15803 W Maui Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15791 W Caribbean Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2000
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.52
    •  
  • 15554 W Gelding Drive Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2002
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.57
    •  
  • 15855 W Port Royale Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2017
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.61
    •  
  • 16050 W Mauna Loa Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
PROPERTY LISTING DETAILS
Laura Garcia De Leon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6106243
Last Updated: 11/14/2020
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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