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

15110 N 29th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,474 sqft Built 2002

$325,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $220.49
  • 2 Days on Market
  • MLS # : 6190799
  • Updated Date : 02/06/2021 at 18:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,474 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This is a move in ready home. Your buyer's will love it. nice great room floor plan. granite, new luxury vinyl plank flooring. EZ care yard. Upgraded sunscreens on all windows. newer hot water heater with recirculation pump. Meticulously maintained. you will not be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newport Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Newport Manor

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
Palomino Primary School Primary Regular 802 43 1
Greenway Middle School Middle Regular 518 26 2
Paradise Valley High School High Regular 1,806 99 5

Palomino Primary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 43
1
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,129
Property Tax -$205
Property Insurance -$56
HOA -$58
Property Management Fees -$99
CASH FLOW
-$236

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.

$325,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,402

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
  • $1,456

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1993$1,3754$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 15110 N 29th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2844 E Monte Cristo Avenue #101 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.92
    •  
  • 16021 N 30th Street #103 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2001
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 16021 N 30th Street #119 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 16015 N 30th Street #123 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
PROPERTY LISTING DETAILS
Jessica L Fairbanks
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190799
Last Updated: 02/06/2021
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.

BESbswy