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15829 W Bridgewater Way Surprise, AZ 85374

3 Beds 2 Baths 2,055 sqft Built 2001

$399,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $194.16
  • 67 Days on Market
  • MLS # : 6133723
  • Updated Date : 11/16/2020 at 08:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

VERDE (Desert Rose) Model. Stone accents on front of home and casita. Casita is after-market (approx 273 sf). Casita has a kitchenette and 3/4 bath. Cul-de-sac lot close to amenities. Stainless appliances (approx one year old). Plantation shutters. Upgraded faucets and lighting. Media center in great room. New AC/furnace 2019. Quartz counters. Crown molding in most of the home. Tile and bamboo flooring. Laundry sink and large water heater. Extra fridge in garage (conveying ''as is''). Master has sitting room, converted from den off great room. Extended garage. Lovely covered patio Walls in backyard give this home absolute privacy. Cozy courtyard around casita. Vacation mailbox. Cool deck coating on drive and walk. New irrigation lines installed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand Sunrise Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $120k407k

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

Neighborhood: Sun City Grand Sunrise Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9792653

* 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
 

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

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,472
Property Tax -$277
Property Insurance -$67
HOA -$133
Property Management Fees -$99
CASH FLOW
-$489

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.

$399,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$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 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5604$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 15829 W Bridgewater Way Surprise, AZ 3
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.76
    •  
  • 15298 W Eureka Trail Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1999
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 15809 W La Paloma Drive Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 16777 W Bristol Lane Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,251 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,251 Sqft ∙ Built 2002
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 20013 N Siesta Rock Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Judy Prier-lewis
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6133723
Last Updated: 11/16/2020
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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