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15815 W Cinnabar Drive Surprise, AZ 85374

3 Beds 2 Baths 1,894 sqft Built 2001

$349,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $184.74
  • 8 Days on Market
  • MLS # : 6145675
  • Updated Date : 11/02/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 1 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Finally! One of the highest demand models just hit the market. Don't miss this Turn-key, updated Borgata model in Sun City Grand. Seller spent $65,000 with this amazing remodel. You will love the new baths and kitchen with quartz counters, plank tile floors and custom backsplash just to name a few. Amazing split floor plan with an open kitchen to the dining and living room. Easily convert the den into a 3rd bedroom or leave as-is and use as an oversized office. Backyard is complimented with south exposure and has updated covered patio for additional shade and comfort. Enjoy the extremely low utility bills with the added high end Sun Run 22 solar panels recently installed. The payments are $144.00 a month and easily transferred. Please note, seller is repainting entire interior of the home

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
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,291
Property Tax -$243
Property Insurance -$64
HOA -$11
Property Management Fees -$99
CASH FLOW
-$168

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.

$349,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,676

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6503$1,6504$1,7505$1,875
$1,875
RENT COMPS ANALYSIS
  • 15815 W Cinnabar Drive Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,894 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,894 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.81
    •  
  • 16417 W Desert Lily Drive Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 15524 W White Wood Drive Sun City West, AZ 3
    • 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1993 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1993
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 20029 N Cielo Court Surprise, AZ 4
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 20013 N Siesta Rock Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
PROPERTY LISTING DETAILS
David B Rucker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6145675
Last Updated: 11/02/2020
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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