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15635 S 15th Place Phoenix, AZ 85048

4 Beds 3 Baths 3,034 sqft Built 1994

$550,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $181.28
  • 4 Days on Market
  • MLS # : 6169148
  • Updated Date : 12/10/2020 at 17:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,034 sqft
  • Baths : 3 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Turn-Key, 4 bedroom, 3 bath, 3034 SF home in Foothills! This beautiful home on an oversized lot features soaring living room ceilings, a separate family room with fireplace for those cozy winter evenings, wet bar for entertaining, Spacious kitchen with upgraded stainless steel appliances & granite countertops and sparkling pool in the backyard! Master bedroom features a deck overlooking your resort style backyard and spacious master bath including double vanity and separate tub & shower. Downstairs features a bedroom that would be perfect for a home office or gym. Perfect location next to parks, award winning schools, golf, and restaurants. Hurry this one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,029
Property Tax -$433
Property Insurance -$86
HOA -$6
Property Management Fees -$99
CASH FLOW
-$43

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.

$550,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$32,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,913

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6103$2,8004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 15635 S 15th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.86
    •  
  • 15856 S 8th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.88
    •  
  • 1655 E Saltsage Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
  • 16006 S 13th Place Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1993
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
  • 15810 S 18th Street Phoenix, AZ 5
    • 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 1989
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
PROPERTY LISTING DETAILS
Monique Walker
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169148
Last Updated: 12/10/2020
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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