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15875 W Desert Hills Drive Surprise, AZ 85379

3 Beds 2 Baths 2,423 sqft Built 2013

$395,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $163.02
  • 3 Days on Market
  • MLS # : 6181390
  • Updated Date : 01/15/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,423 sqft
  • Baths : 2 full
Listing Agent

Usrealty Brokerage Solutions Llp

Listing Agent's Description

Gorgeous former MODEL. This single level, 3 Bedroom, 2 Bath plus a den is a must see! Over $175K in upgrades. Tile flooring with stunning custom details throughout. This beautiful home greets you with a covered porch and dynamic entry. Gourmet kitchen with stainless steel appliances, double wall oven, walk in pantry. Eat-in kitchen features granite countertops with a huge center island that overlooks the large family / great room. Great Room is a large open space which opens onto a full paver patio. High ceilings and doors compliment the grace of the home. Master bedroom suite has a sliding glass door that opens onto the patio with huge walk in shower and dual sink vanity with an oversized walk in closet. Hall bathroom features a deep soaking jetted tub with spa lighting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greer Ranch South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $120k358k

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

Neighborhood: Greer Ranch South

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,372
Property Tax -$316
Property Insurance -$74
HOA -$75
Property Management Fees -$99
CASH FLOW
$293

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.

$395,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$48,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,8754$1,9005$2,230
$2,230
RENT COMPS ANALYSIS
  • 15875 W Desert Hills Drive Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.92
    •  
  • 11822 N 154th Lane Surprise, AZ 1
    • 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
    •  
  • 15662 W Yucatan Drive Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,320 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,320 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 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
    •  
  • 15970 W Shaw Butte Drive Surprise, AZ 4
    • 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
Ryan Gehris
Usrealty Brokerage Solutions Llp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181390
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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