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15 E Saint John Road Phoenix, AZ 85022

4 Beds 2 Baths 2,181 sqft Built 1980

$450,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $206.33
  • 2 Days on Market
  • MLS # : 6193835
  • Updated Date : 02/12/2021 at 23:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,181 sqft
  • Baths : 2 full
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

This home has been tastefully remodeled inside and out. Once you pull up you will notice the new windows, fresh black and white paint scheme and paver walkway. As you enter, you will find new luxury vinyl plank throughout the common areas. To the right is a spacious living room. Straight ahead is new kitchen that opens up to family room, fireplace and dining area. The kitchen features new white shaker cabinets, quartz countertops, stainless appliances, island and backsplash. Off of the family room is an office/den with sliding barn doors. The master retreat is split from the other 3 bedrooms and guest bathroom. Master features dual vanity and large tiled shower. Out back is a pergola overlooking the newly plastered pool and fresh sod.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Bell Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k328k

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

Neighborhood: Desert Bell Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341718

* 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
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,563
Property Tax -$283
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$185

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.

$450,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8303$1,8754$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 15 E Saint John Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.84
    •  
  • 405 W Campo Bello Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1995
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 609 W Kelton Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.91
    •  
  • 240 E Muriel Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1980
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 728 E Rose Marie Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
PROPERTY LISTING DETAILS
Wyley Brown
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193835
Last Updated: 02/12/2021
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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