Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15013 S 46th Place Phoenix, AZ 85044

3 Beds 2 Baths 1,646 sqft Built 1993

$439,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $266.71
  • 3 Days on Market
  • MLS # : 6177239
  • Updated Date : 01/08/2021 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This RARE FIND is the only UPDATED single level home with a pool under $500k in Ahwatukee with NO HOA & no neighbors directly behind! Meticulous homeowners remodeled & removed a wall to create an open concept kitchen with all new cabinets, upgraded stainless appliances, slab granite counters, tiled backsplash & large center island! There hasn't been another one like this so don't miss it! All new tile roof was installed in Nov 2018 and both bathrooms have been updated with raised vanities & granite counters! Look under Documents tab for a full list of upgrades. Minutes to shopping, dining and freeways. Owners would love a solid purchase contract with fairly quick close to help launch their active retirement plan!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monarch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Monarch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 Esperanza School Primary Regular 530 30 8
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Esperanza School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 30
8
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
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,525
Property Tax -$313
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$306

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.

$439,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6903$1,7954$1,7955$2,000
$2,000
RENT COMPS ANALYSIS
  • 15013 S 46th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.03
    •  
  • 15464 S 44th Way Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1993
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.01
    •  
  • 4449 E Verbena Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1993
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 15001 S 46th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1993
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 15022 S 47th Way Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1994
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jane Legore
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177239
Last Updated: 01/08/2021
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.

BESbswy