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15035 S 28th Street Phoenix, AZ 85048

4 Beds 2 Baths 2,120 sqft Built 1988

$453,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $213.68
  • 3 Days on Market
  • MLS # : 6181693
  • Updated Date : 01/15/2021 at 22:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,120 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story cul-de-sac home offers a two-car garage. This home is vacant and cleaned regularly.

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PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

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 Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
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
 

$407,700$498,300$453,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,573
Property Tax -$322
Property Insurance -$69
HOA -$5
Property Management Fees -$99
CASH FLOW
-$38

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.

$453,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,795

INVESTMENT

$125,795

Down Payment
$113,250
Rehab Estimate
$5,750
Closing Costs
$6,795

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,250
Loan Amount $339,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$22,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,247

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,0304$2,0995$2,450
$2,450
RENT COMPS ANALYSIS
  • 15035 S 28th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.96
    •  
  • 3233 E Brookwood Court Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 2904 E Verbena Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 15229 S 36th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1986
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.07
    •  
  • 2510 E Rockledge Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 1991
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.12
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181693
Last Updated: 01/15/2021
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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