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15 E Old Paint Trail Phoenix, AZ 85086

4 Beds 3 Baths 2,163 sqft Built 2020

$699,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $323.16
  • 4 Days on Market
  • MLS # : 6202509
  • Updated Date : 03/04/2021 at 23:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,163 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Impressive 2,100 SqFt 4 bedroom & 2.5 bath home with NO HOA! There is a jack & jill bathroom connecting two secondary bedrooms and the 4th bedroom is a flex room that can be used as a den/office, workout room, etc. In this home, you can easily entertain with this great open floor plan. Or have optimal relaxation in the oversized master suite and tranquil bathroom overlooking the gorgeous mountain views. Featuring a 4 car garage, RV gate, and sitting on an acre of land, there is plenty of room to add a guest house, RV garage, personalized backyard oasis - whatever you want plus more! The views are incredible and need to be seen in person to be truly appreciated. This semi-custom home was completed in December 2020 and has barely been lived in. Still feels, smells, and looks BRAND NEW!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85086

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Zip Code: 85086

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342258

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$629,100$768,900$699,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,428
Property Tax -$545
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$961

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$699,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,235

INVESTMENT

$187,235

Down Payment
$174,750
Rehab Estimate
$2,000
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$89

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
  • $2,120

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,995
$1,995
RENT COMPS ANALYSIS
  • 15 E Old Paint Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1027 E Carlise Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 1641 W Maddock Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Hayley Ghormley
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202509
Last Updated: 03/04/2021
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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