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15814 S 13th Place Phoenix, AZ 85048

3 Beds 2 Baths 2,101 sqft Built 1989

$415,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $197.52
  • 1 Days on Market
  • MLS # : 6163714
  • Updated Date : 11/21/2020 at 21:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,101 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Golf course lot with amazing views in the gated community at Fairways at the Foothills. Dramatic soaring ceilings, formal living/dining room, spacious family room features art niche, fireplace, which leads out to the covered patio, pool with water feature and amazing views of the Foothills Golf Course and surrounding mountains. Large center kitchen island, tile counters/backsplash with bright breakfast area with amazing mountain and golf course views. Floor plan is very open and inclusive. Plush carpet in bedrooms with large master suite and large walk-in closet. Lots of storage in the home with recently added new cabinets in all closets and laundry room. Washer/dryer are included! Don't miss this amazing house with low maintenance landscaping, amazing golf course and mountain views!

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 Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,531
Property Tax -$295
Property Insurance -$68
HOA -$13
Property Management Fees -$99
CASH FLOW
-$216

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.

$415,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.43%

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$11,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,938

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,789
1$1,7892$1,7903$1,8454$1,9485$1,995
$1,995
RENT COMPS ANALYSIS
  • 15814 S 13th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,101 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.85
    •  
  • 15854 S 13th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1993
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,789
    • $1.01
    •  
  • 1323 E Cathedral Rock Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.83
    •  
  • 1204 E Silverwood Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,948
    • $0.96
    •  
  • 15205 S 14th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1995
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Stacey Lykins
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163714
Last Updated: 11/21/2020
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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