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15816 S 29th Street Phoenix, AZ 85048

3 Beds 3 Baths 1,594 sqft Built 1989

$415,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $260.35
  • 2 Days on Market
  • MLS # : 6210634
  • Updated Date : 03/26/2021 at 18:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,594 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Wonderful home located in desirable Mountain Park Ranch neighborhood backing to community walking path and wash. Very open light and bright floor plan with large great room featuring cozy fireplace and vaulted ceilings, plus downstairs half bath. Large kitchen with pantry, granite counters, breakfast bar and dining area. Tile in all the right places. Large storage closet under the stairs plus two and a half garage spaces for more stuff. Large master bedroom upstairs with huge walk-in closet. Wonderful landscaping in backyard with mountain and wash views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
 

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

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,441
Property Tax -$295
Property Insurance -$58
HOA -$5
Property Management Fees -$99
CASH FLOW
-$159

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

$1,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8503$1,9954$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 15816 S 29th Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.09
    •  
  • 3006 E Windmere Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1991
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 3229 E Brookwood Court Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.20
    •  
  • 2921 E Nighthawk Way Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1991
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.23
    •  
  • 15810 S 28th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1991
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.23
    •  
PROPERTY LISTING DETAILS
Jason Vaught
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210634
Last Updated: 03/26/2021
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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