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15826 W Desert Hills Drive Surprise, AZ 85379

3 Beds 3 Baths 2,601 sqft Built 2015

$405,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $155.71
  • 3 Days on Market
  • MLS # : 6170108
  • Updated Date : 12/10/2020 at 23:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,601 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

MUST SEE!! Stunning Greer Ranch Home just hit the market in Surprise AZ!! This beautiful pool home features 3 bedroom, 2.5 bathrooms and 2601 sq ft. of living space. The first floor features an open floor plan, high ceilings, bright windows and durable tile floors. The kitchen comes equipped with stainless steel appliances, granite countertops, soft close drawers, and cabinets with pull out shelves. This gorgeous home also boasts a downstairs space for your office needs or your kids playroom. During the summer, entertain in style under the covered patio or relax near the sparkling pool! The home also comes equipped with a 2 car garage, drought tolerant landscaping, solar panels, and water softener. THIS HOME WON'T LAST LONG. Call Devin Beaty today to submit your best offer!! 864-965-8281

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greer Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k358k

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

Neighborhood: Greer Ranch North

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
Sonoran Heights Elementary School Primary Regular 961 42 7
Sonoran Heights Elementary School Middle Regular 961 42 7
Shadow Ridge High School High Regular 1,735 77 4

Sonoran Heights Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Sonoran Heights Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 42
7
GreatSchools Rating

Shadow Ridge High School

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

$364,500$445,500$405,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,494
Property Tax -$282
Property Insurance -$78
HOA -$75
Property Management Fees -$99
CASH FLOW
-$158

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.

$405,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,684

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
  • $1,938

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8754$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 15826 W Desert Hills Drive Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15441 W Shangri La Road Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2004
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 15731 W Shaw Butte Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2014
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 15359 W Columbine Drive Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2006
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 15342 W Old Oak Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Devin Beaty
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170108
Last Updated: 12/10/2020
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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