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15044 N 22nd Street Phoenix, AZ 85022

3 Beds 2 Baths 1,116 sqft Built 1974

$310,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $277.78
  • 5 Days on Market
  • MLS # : 6186202
  • Updated Date : 01/27/2021 at 16:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,116 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single level home in Clearview! NEW ROOF! This home has been refreshed with new interior and exterior paint. The kitchen has been updated with new cabinets, new Quartz countertops, and new stainless steel appliances. The primary bedroom has an ensuite bathroom and ample closet space. Both bathrooms have new vanity cabinets. Spacious backyard with a covered patio. GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$1,077
Property Tax -$195
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$420

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.

$310,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$70

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
  • $910

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8403$9994$1,0005$1,268
$1,268
RENT COMPS ANALYSIS
  • 15044 N 22nd Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2827 E Kathleen Road #101 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,124 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,124 Sqft ∙ Built 1982
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $840
    • $0.75
    •  
  • 2846 E Kathleen Road #101 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.77
    •  
  • 2827 E Le Marche Avenue #103 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 1982
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.83
    •  
  • 2573 E Sweetwater Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1971
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,268
    • $0.91
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186202
Last Updated: 01/27/2021
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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