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15839 W Desert Hills Drive Surprise, AZ 85379

5 Beds 3 Baths 3,060 sqft Built 2014

$434,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $142.12
  • 2 Days on Market
  • MLS # : 6190890
  • Updated Date : 02/06/2021 at 16:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,060 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this two story home in Greer Ranch North! This home offers a spacious open floorplan with lots of natural light throughout. The kitchen features granite countertops, a huge island, stainless steel appliances, and a walk in pantry. One bedroom and full bathroom on the main floor for guests' convenience. The primary suite, three additional bedrooms, the laundry room, and a loft are all located on the second floor. The primary ensuite bathroom has dual sinks in a granite countertop, a private water closet, and two walk in closets. The backyard boasts an extended covered patio, gazebo and ramada, an RV gate with a cement pad, and a sparkling pool with a water feature. Vacant and ready for viewing, come see!

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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

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

$391,410$478,390$434,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,511
Property Tax -$302
Property Insurance -$87
HOA -$75
Property Management Fees -$99
CASH FLOW
-$134

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.

$434,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.45%

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$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,380

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
  • $1,966

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,9504$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 15839 W Desert Hills Drive Surprise, AZ 1
    • 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15456 W Corrine Drive Surprise, AZ 2
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 2006
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.63
    •  
  • 11383 N 161st Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2005
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.68
    •  
  • 15648 W Poinsettia Drive Surprise, AZ 4
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.62
    •  
  • 11877 N 156th Lane Surprise, AZ 5
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2007
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.64
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190890
Last Updated: 02/06/2021
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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