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1315 E Thistle Landing Drive Phoenix, AZ 85048

5 Beds 3 Baths 2,631 sqft Built 1993

$539,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $204.87
  • 3 Days on Market
  • MLS # : 6201991
  • Updated Date : 03/05/2021 at 08:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,631 sqft
  • Baths : 3 full
Listing Agent

United Brokers Group

Listing Agent's Description

Welcome Home to this lovely 5 bedroom/ 3 full bath home in Ahwatukee's highly sought after community, Vintage Hills! Soaring vaulted ceilings greet you! Kitchen and family room are an open space ready for entertaining-exit to covered patio & sparkling, pebble tec pool (just in time for summer) with spectacular mountain views! Wow! Kitchen boasts white cabinets w/complimentary black quartz counter tops, kitchen island and smooth top range. Downstairs provides a bedroom and full bath - great for guests. Upstairs you'll find a spacious Master Suite with inviting garden tub, shower and dual sinks. Check out the views from the balcony! Good size secondary bedrooms. Plantation shutters t/o. Nearby shopping, popular South Mountain Preserve trails & award winning Kyrene schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: The Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9343693

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$1,872
Property Tax -$384
Property Insurance -$78
HOA -$6
Property Management Fees -$99
CASH FLOW
$321

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$539,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$59,224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,907

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,7603$2,7754$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 1315 E Thistle Landing Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.05
    •  
  • 16837 S 11th Way Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
  • 15007 S 8th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.06
    •  
  • 1040 E Mountain Vista Drive Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.20
    •  
  • 1824 E Briarwood Terrace Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Darlene Watson
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201991
Last Updated: 03/05/2021
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.

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