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13416 S 46th Way Phoenix, AZ 85044

4 Beds 3 Baths 2,337 sqft Built 1995

$430,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $184.00
  • 4 Days on Market
  • MLS # : 6177603
  • Updated Date : 01/09/2021 at 17:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,337 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful move in ready home in sought after Ahwatukee community, Phoenix. Easy access to I10, dining, shopping and entertainment. Premium lot on Cul de sac. No HOA. Formal living room, formal dining room, vaulted ceilings, wood laminate flooring, gas fireplace, Spacious kitchen with ample cabinets, pantry, stainless steel appliances, breakfast bar, tiled backsplash, dining area, downstairs bedroom and full bathroom downstairs. 3 additional bedrooms upstairs including the primary bedroom retreat with vaulted ceiling, included sitting area, double door entry, ensuite bathroom, double sinks, separate tub and shower, large closet, Backyard is perfect for entertaining with no neighbors behind, covered patio, grassy area, extended patio, See this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k321k

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

Neighborhood: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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 La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,494
Property Tax -$306
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$299

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.

$430,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$55,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,2704$2,2995$2,495
$2,495
RENT COMPS ANALYSIS
  • 13416 S 46th Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.97
    •  
  • 12813 S 45th Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1992
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 13216 S 40th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 3937 E Keresan Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.07
    •  
  • 14252 S 43rd Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1990
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.14
    •  
PROPERTY LISTING DETAILS
Dean Thornton
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177603
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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