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15911 W Tara Lane Surprise, AZ 85374

3 Beds 2 Baths 1,452 sqft Built 2001

$344,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $237.26
  • 2 Days on Market
  • MLS # : 6208734
  • Updated Date : 03/20/2021 at 15:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

THIS THREE BEDROOM, 2 BATH TOTAL REMODEL HOME WILL MAKE YOUR CLIENTS FEEL RIGHT AT HOME. NEW PAINT, NEW DOORS; KITCHEN REMODELED WITH NEW COUNTERS WITH WATERFALL EDGE, NEW PULLS ON CABINETS, NEW SINK AND FIXTURES, ALL NEW APPLIANCES, NEW LIGHT FIXTURES, BOTH BATHS COUNTERS ARE CUSTOM COUNTERS AND SINKS, NEW BLINDS, SLIDING ARCADIA DOOR, LIST GOES ON. THIS WILL NOT LAST SO SHOW THIS ONE LAST ON YOUR LIST AND BE READY TO WRITE. EASY ACCESS DISTANCE TO PARK AND PLAY AREA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Mountain Vista Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9021567

* 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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$310,050$378,950$344,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,197
Property Tax -$240
Property Insurance -$56
HOA -$8
Property Management Fees -$99
CASH FLOW
-$169

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.

$344,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,043

INVESTMENT

$97,043

Down Payment
$86,125
Rehab Estimate
$5,750
Closing Costs
$5,168

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,197

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,125
Loan Amount $258,375
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,427

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4303$1,4504$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 15911 W Tara Lane Surprise, AZ 2
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.98
    •  
  • 16061 W Carmen Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.99
    •  
  • 15676 W Caribbean Lane Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 15537 N 156th Drive Surprise, AZ 4
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.03
    •  
  • 16028 N 159th Lane Surprise, AZ 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lanny C. Astgen
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208734
Last Updated: 03/20/2021
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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