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15818 N 25th Street #125 # 125 Phoenix, AZ 85032

3 Beds 3 Baths 1,355 sqft Built 2006

INVESTimate

$220,000

List Price

$1,270

$1,143 - $1,397

Rent Est.

$234,498  ( +6.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $162.36
  • 6 Days on Market
  • MLS # : 6120487
  • Updated Date : 08/22/2020 at 12:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,355 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

FRESHLY PAINTED AND RECENTLY REMODELED, BEAUTIFUL UNIT AND MOVE IN READY! PACK YOUR BAGS...This gated community has great access to shopping, dining and freeways. The list of newly upgraded items includes tankless water heater, smart thermostat, vinyl wood flooring downstairs, tile backsplash in kitchen, updated plumbing fixtures, updated light fixtures, and blackout blinds. This is a corner unit with and extra large backyard and patio. Additionally it only has a neighbor connected on one side. The floorplan features are large master bedroom with granit topped desk/office space. HOA fees include water/sewer, trash, roof repair and replacement. The roofs in the whole community was recently replaced in 2020. Cash or portfolio lending as these condos (like many others valley wide) are

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PRICE & RENT TRENDS

Neighborhood: Greenway Estates Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Greenway Estates Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8521567

* 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
Palomino Intermediate School Primary Regular 499 25 2
Greenway Middle School Middle Regular 518 26 2
North Canyon High School High Regular 1,957 86 4

Palomino Intermediate School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 25
2
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$812
Property Tax -$139
Property Insurance -$54
HOA -$220
Property Management Fees -$99
CASH FLOW
-$53

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.

$220,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,423

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,4003$1,4004$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 15818 N 25th Street #125 Phoenix, 1
    • 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.94
    •  
  • 15818 N 25th Street #130 Phoenix, 2
    • 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 2006
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 16021 N 30th Street #119 Phoenix, 3
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 15818 N 25th Street #120 Phoenix, 4
    • 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 2006
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 2218 E Kelton Lane Phoenix, 5
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1996
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Deborah A Bernett
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120487
Last Updated: 08/22/2020
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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