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15615 N 39th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,608 sqft Built 1985

$395,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $245.65
  • 3 Days on Market
  • MLS # : 6157003
  • Updated Date : 11/06/2020 at 13:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,608 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Looking for a home with personality plus? Welcome to this well loved & maintained home in Silver Tree! You'll enter this beauty thru double front doors & feel the charm & care this home is all about. You'll love the beautiful neutral paint thru out & the large white baseboards, the curved archways between rooms & the vaulted ceiling, the tray ceiling in the dining room adding character, plus wood blinds thru-out. This home underwent a large remodel in 2018 which included kitchen updates, new dual pane low-E windows, new wood laminate flooring, S/S appliances & new lights & fans! This year came a new roof & water heater! Relax in your large Family Room with a wood burning fireplace & a gorgeous 3D wood paneled wall. Master suite features double door entrance, extra shelving, walk-in closet,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silvertree

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k292k

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

Neighborhood: Silvertree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,457
Property Tax -$249
Property Insurance -$59
HOA -$35
Property Management Fees -$99
CASH FLOW
-$249

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.

$395,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,297

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
  • $1,648

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6454$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 15615 N 39th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3820 E Carol Ann Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1985
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 4102 E Karen Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.08
    •  
  • 3820 E Waltann Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1984
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 3831 E Edna Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
PROPERTY LISTING DETAILS
Marcy Murphy
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157003
Last Updated: 11/06/2020
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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