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15422 N 22nd Drive Phoenix, AZ 85023

5 Beds 3 Baths 2,879 sqft Built 2018

$520,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $180.62
  • 5 Days on Market
  • MLS # : 6192480
  • Updated Date : 02/13/2021 at 19:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,879 sqft
  • Baths : 3 full
Listing Agent

Rapido Realty, Llc

Listing Agent's Description

Elegant, 2018 built energy efficient home has been stunningly upgraded and is move-in ready. Gorgeous kitchen with tile backsplash, all exotic granite countertops, huge island and upgraded cabinets. Open living space with lots of windows & a sliding glass wall that opens up to the private backyard. Throughout this beautiful home you will find plantation shutters and blinds and Tile that looks like wood. Extended covered patio in back, with low maintenance yards. This home qualifies for the Environments for Living energy guarantee. A full bedroom and bathroom downstairs. Plumbed gas for a BBQ. A wonderful home across the street from Cave Creek Golf course! Close to Turf Paradise, shopping, restaurants, freeways, and schools including ASU west. Contact listing agent Vasanth @ 6028213334

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Prieta Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k480k

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

Neighborhood: Sierra Prieta Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342434

* 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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,806
Property Tax -$310
Property Insurance -$83
HOA -$33
Property Management Fees -$99
CASH FLOW
$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$520,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$32,158

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
  • $2,476

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,650
$2,650
RENT COMPS ANALYSIS
  • 15422 N 22nd Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3210 W Sequoia Way Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,703 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,703 Sqft ∙ Built 2005
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 2221 W Carol Ann Way Phoenix, AZ 3
    • 5 beds 4 baths ∙ 2,964 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,964 Sqft ∙ Built 2020
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Vasanth Kumar
Rapido Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192480
Last Updated: 02/13/2021
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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