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15214 N 25th Street Phoenix, AZ 85032

4 Beds 2 Baths 1,552 sqft Built 1963

$352,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $226.80
  • 5 Days on Market
  • MLS # : 6189346
  • Updated Date : 02/04/2021 at 22:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story home offers a patio, granite countertops, and a one-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Plaza

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Paradise Plaza

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8431567

* 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
North Canyon High School High Regular 1,957 86 4

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

North Canyon High School

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

$316,800$387,200$352,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,223
Property Tax -$222
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$51

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.

$352,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$99,030

INVESTMENT

$99,030

Down Payment
$88,000
Rehab Estimate
$5,750
Closing Costs
$5,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,000
Loan Amount $264,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6954$1,7455$2,125
$2,125
RENT COMPS ANALYSIS
  • 15214 N 25th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 2929 E Eberle Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1971
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 2515 E Karen Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 1963
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.22
    •  
  • 14623 N 32nd Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.08
    •  
  • 2434 E Karen Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 1966
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.22
    •  
PROPERTY LISTING DETAILS
Lisa A Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189346
Last Updated: 02/04/2021
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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