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15934 W Banff Lane Surprise, AZ 85379

4 Beds 3 Baths 2,699 sqft Built 2005

$384,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $142.61
  • 2 Days on Market
  • MLS # : 6157846
  • Updated Date : 11/07/2020 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,699 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this beautiful two story pool home in Legacy Parc! This home has been refreshed with new interior paint and new carpet. Formal livng room upon entry and a family room open to the kitchen at the back of the home. The kitchen features granite countertops, stainless steel appliances including a fridge and a breakfast bar and nook. Half bathroom on the main floor for guests' convenience. All bedrooms and full bathrooms as well as the laundry located on the second floor. The primary ensuite bathroom has dual sinks, separate shower and garden tub and a walk in closet. Other bedrooms are spacious. The backyard boasts a covered patio, RV gate and slab, sparkling pool and spa and a grass play area. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legacy Parc

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $96k271k

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

Neighborhood: Legacy Parc

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9321567

* 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
Countryside Elementary School Primary Regular 970 44 6
Countryside Elementary School Middle Regular 970 44 6
Shadow Ridge High School High Regular 1,735 77 4

Countryside Elementary School

  • Education Level: Primary
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Countryside Elementary School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 44
6
GreatSchools Rating

Shadow Ridge High School

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

$346,410$423,390$384,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,420
Property Tax -$268
Property Insurance -$80
HOA -$55
Property Management Fees -$99
CASH FLOW
-$131

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.

$384,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$15,883

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
  • $1,930

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7004$1,9755$2,150
$2,150
RENT COMPS ANALYSIS
  • 15934 W Banff Lane Surprise, AZ 1
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16025 W Port Au Prince Lane Surprise, AZ 2
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2003
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 15901 W Port Au Prince Lane Surprise, AZ 3
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 16050 W Mauna Loa Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
  • 15889 W Lisbon Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2018
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157846
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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