Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11415 N 45th Place Phoenix, AZ 85028

5 Beds 3 Baths 2,780 sqft Built 1980

$749,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $269.42
  • 2 Days on Market
  • MLS # : 6203417
  • Updated Date : 03/06/2021 at 16:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,780 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Freshly remodeled and professionally designed, this turnkey property rests on a large lot with a private, heated pool and on a cul-de-sac street. With five FULL bedrooms and 3 bathrooms, the floor plan is ideal with a downstairs master and huge laundry room. The upstairs includes a finished attic space that is perfect for a small play room. Upgrades include all new premium vinyl flooring, brand new plush carpet, updated LED recessed lighting, all new designer light fixtures, neutral paint, all new door handles and cabinet hardware and more! The kitchen is a dream, with a built-in fridge, stainless appliances, tons of cabinet space and large island with quartz island counters and honed black granite counters on the perimeter. All this in the Scottsdale school district!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Village Fairways

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k507k

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

Neighborhood: Village Fairways

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342294

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,602
Property Tax -$388
Property Insurance -$81
HOA -$104
Property Management Fees -$99
CASH FLOW
-$453

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.

$749,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,950

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
  • $3,040

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,7954$3,1005$3,195
$3,195
RENT COMPS ANALYSIS
  • 11415 N 45th Place Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5107 E Wethersfield Road Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
  • 10626 N 41st Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,867 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,867 Sqft ∙ Built 1972
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.97
    •  
  • 4319 E Lupine Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1984
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.24
    •  
  • 5112 E Charter Oak Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
PROPERTY LISTING DETAILS
Robyn A Webb
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203417
Last Updated: 03/06/2021
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.

BESbswy