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1115 W Indian School Road Phoenix, AZ 85013

3 Beds 1 Baths 1,485 sqft Built 1947

$349,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $235.02
  • 2 Days on Market
  • MLS # : 6157816
  • Updated Date : 11/07/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,485 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Completely remodel and renovated! Granite counter tops! Kitchen Island with ample space between island and cabinets. Stainless steel appliances! They are also included! New light fixtures and beautiful new tile throughout! Fresh paint! New stucco to keep the home extra cool inside. Bathroom has been completely remodeled and renovated too! New doors! New windows! This home is completely like new and NO HOA! No solar lease! New carpet in the bedrooms! Plenty of closet space in each room. Big backyard! Conveniently located nearby shopping centers, Schools, parks, and minutes from the I-17.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodlawn Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Woodlawn Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,288
Property Tax -$184
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$287

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.

$349,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,865

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
  • $1,481

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4854$1,5505$1,675
$1,675
RENT COMPS ANALYSIS
  • 1115 W Indian School Road Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,485 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,485 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1110 W Turney Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 812 W Fairmount Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1951
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.96
    •  
  • 1716 W Devonshire Avenue Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 1724 W Indianola Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1948
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kevin Hernandez Ceron
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157816
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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