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15962 W Quail Brush Lane Surprise, AZ 85374

3 Beds 2 Baths 2,313 sqft Built 2001

$475,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $205.36
  • 4 Days on Market
  • MLS # : 6174371
  • Updated Date : 12/24/2020 at 11:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Enjoy retirement at it's best! Desirable golf course community Sun City Grand! This home been completely renovated and ready to move in. Private lot with N/S exposure. Spacious floor plan with formal living and dinning room, kitchen open to family room, kitchen island with breakfast bar, pendent lights. Split floor plan, master suite offers double sinks, large walk-in shower, walk-in closet. Guest bedroom with bath, plus den with barn door. This home is highly upgraded with plank tile flooring, White Shaker cabinets, granite counter tops, stainless steel appliances including wine fridge, plantation shutters. Two new HVACs 2020, new water heater! Epoxy garage flooring and storage cabinets. Deep 25 ft 2 car garage. Low maintenance backyard landscaping. Home warranty included!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Grand-Desert Bloom

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k327k

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

Neighborhood: Sun City Grand-Desert Bloom

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9791858

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,753
Property Tax -$330
Property Insurance -$72
HOA -$10
Property Management Fees -$99
CASH FLOW
-$484

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.

$475,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5504$1,7805$1,995
$1,995
RENT COMPS ANALYSIS
  • 15962 W Quail Brush Lane Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.77
    •  
  • 24034 N 165th Avenue Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 15015 W Heritage Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 15809 W La Paloma Drive Surprise, AZ 3
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 23965 N 166th Lane Surprise, AZ 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2020
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Olga V Griffin
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174371
Last Updated: 12/24/2020
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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