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15945 W Canterbury Drive Surprise, AZ 85379

4 Beds 2 Baths 2,309 sqft Built 2013

$499,950

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $216.52
  • 2 Days on Market
  • MLS # : 6168137
  • Updated Date : 12/05/2020 at 08:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,309 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This amazing RV GARAGE PROPERTY welcomes you HOME! The garage offers its own separate 5-Ton A/C unit for cooling AND heating as well as an evaporative cooling system to keep you comfortable working in the garage at anytime of the year! And if that is not enough, it is also equipped with cabinetry, overhead storage, refrigerator, new utility sink & rear garage door! Step inside to this spacious open, split floorplan. All 3 guest bedrooms have large walk-in closets, upgraded doors throughout, extra upgraded cabinetry, huge storage closet, built in wall unit in family rm, screened in porch to keep your fur-babies safely inside. Master offers a HUGE walk-in closet w/ furniture that can stay, dual sinks w/ vanity & garden tub. The AC is zoned to 3 areas with separate thermostats! A must see

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
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
 

$449,955$549,945$499,950

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,845
Property Tax -$348
Property Insurance -$72
HOA -$75
Property Management Fees -$99
CASH FLOW
-$558

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.

$499,950

PROJECTED PRICE

$1,880

PROJECTED RENT

0.38%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,237

INVESTMENT

$138,237

Down Payment
$124,988
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,988
Loan Amount $374,963
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8754$1,8805$1,900
$1,900
RENT COMPS ANALYSIS
  • 15945 W Canterbury Drive Surprise, AZ 4
    • 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.81
    •  
  • 16015 W Christy Drive Surprise, AZ 1
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 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 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
Jami Lynn Byrne
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168137
Last Updated: 12/05/2020
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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