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15868 W Star View Lane Surprise, AZ 85374

2 Beds 2 Baths 1,966 sqft Built 2000

$394,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $200.86
  • 4 Days on Market
  • MLS # : 6156442
  • Updated Date : 11/07/2020 at 07:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,966 sqft
  • Baths : 1 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

ABSOLUTELY STUNNING NEWLY REMODELED HOME FEATURING SOPHISTICATED CHARM & TOP OF THE LINE QUALITY FINISHES THRU-OUT!! HUGE GREAT ROOM FEATURING A CUSTOM-DESIGNED ENTERTAINMENT CENTER W/ REMOTE CONTROLLED FIREPLACE & LARGE TV NICHE! QUARTZ SLAB COUNTERS IN THE KITCHEN W/ CARERRA STONE BACKSPLASH, RENOVATED CABINETRY & HIGH END SAMSUNG APPLIANCES! SPA-LIKE MASTER BATHROOM FEATURING A GORGEOUS CUSTOM-TILED SHOWER, QUARTZ COUNTERS & SPECIALTY LIGHTING! HOME ALSO FEATURES NEW BASEBOARDS, CEILING FANS, LIGHT FIXTURES, TOILETS, FAUCETS, DOOR HARDWARE, SPECIALTY LIGHTING, WOOD-LOOK TILED FLOORING W/ TEXTURED CARPET IN BEDROOMS AND PLANTATION SHUTTERS THRU-OUT! NICE BACK YARD PATIO AREA WITH PAVER-STONE & PONY WALL! THIS IS THE PERFECT LOCK & LEAVE OR YEAR-ROUND LUXURIOUS VACATION-STYLE HOME!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Granite Falls

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k415k

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

Neighborhood: Sun City Grand-Granite Falls

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9792087

* 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
 

$355,410$434,390$394,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,457
Property Tax -$275
Property Insurance -$66
HOA -$11
Property Management Fees -$99
CASH FLOW
-$227

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.

$394,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 1.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,399

INVESTMENT

$110,399

Down Payment
$98,725
Rehab Estimate
$5,750
Closing Costs
$5,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,725
Loan Amount $296,175
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$10,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,838

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7003$1,7504$1,8755$2,150
$2,150
RENT COMPS ANALYSIS
  • 15868 W Star View Lane Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,966 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,966 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.85
    •  
  • 14612 W Bison Path Surprise, AZ 2
    • 2 beds 2 baths ∙ 1,918 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,918 Sqft ∙ Built 1993
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 20029 N Cielo Court Surprise, AZ 3
    • 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 4
    • 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
    •  
  • 17307 N Stone Haven Drive Surprise, AZ 5
    • 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,035 Sqft ∙ Built 2000
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Grady Amwake
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156442
Last Updated: 11/07/2020
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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