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15865 W Laurel Lane Surprise, AZ 85379

3 Beds 3 Baths 2,246 sqft Built 2014

$404,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $180.28
  • 2 Days on Market
  • MLS # : 6190968
  • Updated Date : 02/07/2021 at 02:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,246 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Welcome to the thriving community at Greer Ranch! This lovely 3-bedroom 2.5 bathroom ranch-style inspired home close to the quiet cul-de-sac is move-in ready for its new homeowners. Upon entering, you will be greeted by the perfectly flowing living/dining room, which is a great area for everyone to gather and relax. The kitchen boasts a center island, ample espresso cabinets, plenty of counter space and a pantry. This cozy home also features tile flooring in main areas and carpet in the bedrooms. The master suite offers spacious walk-in closet, full bath w separate shower & tub. Not to mention a private exit leading to backyard. Finally, the backyard with grassy area includes a covered patio and a refreshing blue pool perfect for the warm summer days! Look no more! Call now!

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
 

$364,410$445,390$404,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,406
Property Tax -$282
Property Insurance -$71
HOA -$75
Property Management Fees -$99
CASH FLOW
-$323

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.

$404,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.40%

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

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$113,049

INVESTMENT

$113,049

Down Payment
$101,225
Rehab Estimate
$5,750
Closing Costs
$6,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,406

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,225
Loan Amount $303,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,976

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
  • $1,718

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6504$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 15865 W Laurel Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,246 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,246 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11822 N 154th Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2008
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 15410 W Laurel Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 15731 W Shaw Butte Drive Surprise, AZ 4
    • 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
    •  
  • 15970 W Shaw Butte Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2017
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Beatriz Ortega
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190968
Last Updated: 02/07/2021
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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