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1253 S 15th Avenue Phoenix, AZ 85007

4 Beds 2 Baths 1,116 sqft Built 2003

$235,000

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $210.57
  • 3 Days on Market
  • MLS # : 6167869
  • Updated Date : 12/04/2020 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,116 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Wow Great Downtown Phoenix Property!! 4 bedrooms, 2 baths, 2 car garage, plus a huge backyard. House was recently redone and has brand new wiring and new plumbing in both bathrooms. This is the perfect starter home or use as a cash flowing investment property. Hurry, this one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5881567

* 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
Bethune School Primary Regular 480 25 3
Bethune School Middle Regular 480 25 3
Central High School High Regular 2,251 136 3

Bethune School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Bethune School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Central High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$867
Property Tax -$125
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$190

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.

$235,000

PROJECTED PRICE

$950

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.7%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,586

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
  • $1,021

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$9754$9755$999
$999
RENT COMPS ANALYSIS
  • 1253 S 15th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,116 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,116 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1748 W Sherman Street #1 Phoenix, AZ 2
    • 3 beds 1 baths ∙ 805 Sqft ∙ Built 2008 3 beds 1 baths ∙ 805 Sqft ∙ Built 2008
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.99
    •  
  • 1629 W Tonto Street #1 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2006
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.89
    •  
  • 1637 W Tonto Street #2 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.89
    •  
  • 918 S 1st Avenue #2 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.89
    •  
PROPERTY LISTING DETAILS
Julie Dunlap
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167869
Last Updated: 12/04/2020
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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