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11435 N 15th Street Phoenix, AZ 85020

2 Beds 3 Baths 1,299 sqft Built 1974

$298,500

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $229.79
  • 6 Days on Market
  • MLS # : 6171449
  • Updated Date : 12/15/2020 at 17:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,299 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Great opportunity walking distance to the Phoenix Mountain Preserve! This adorable red brick home, has a beautiful stone fireplace and great mountain views. large kitchen looking out to the lush yard.Surrounded by the Phoenix Mountain Preserve this home offers so much!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Bonitas Alturas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Las Bonitas Alturas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9271567

* 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
Larkspur Elementary School Primary Regular 517 34 4
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 34
4
GreatSchools Rating

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$268,650$328,350$298,500

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,101
Property Tax -$188
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$69

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.

$298,500

PROJECTED PRICE

$1,510

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,853

INVESTMENT

$84,853

Down Payment
$74,625
Rehab Estimate
$5,750
Closing Costs
$4,478

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,101

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,625
Loan Amount $223,875
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$29,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2753$1,4254$1,5105$1,595
$1,595
RENT COMPS ANALYSIS
  • 11435 N 15th Street Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,299 Sqft ∙ Built 1974 2 beds 3 baths ∙ 1,299 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.16
    •  
  • 10042 N 14th Street #a Or B Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1983
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 10631 N 15th Way #2 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,121 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,121 Sqft ∙ Built 1987
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.14
    •  
  • 1164 E Cheryl Drive Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.19
    •  
  • 1122 E Cochise Drive Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 1978
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.23
    •  
PROPERTY LISTING DETAILS
Steven Castle
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171449
Last Updated: 12/15/2020
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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