Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15837 S 11th Way Phoenix, AZ 85048

3 Beds 3 Baths 1,928 sqft Built 2014

$445,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $230.81
  • 2 Days on Market
  • MLS # : 6178967
  • Updated Date : 01/09/2021 at 18:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Nestled in the highly desirable private gated community of Rosewood Village, at the Foothills, is this beautiful 3 bed, 2.5 bath home. Come home to this gorgeous stone exterior home, located on a cul-de-sac that boasts an open concept featuring upgrades including beautiful wood floors, wonderful kitchen w/ island, grant countertops, GE Stainless Steel appliances, RO system, fully overlay cabinetry and a large breakfast nook. Large master retreat, with mountain views, and an expansive walk-in custom designed closet. Other features include fresh interior 2 toned paint, large covered patio, oversized 2 car garage with custom cabinets, water softener and energy saving sun screens throughout. The resort style community pool area features heated pool, cabanas, grills, cozy fireplace and extra

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
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,546
Property Tax -$317
Property Insurance -$65
HOA -$254
Property Management Fees -$99
CASH FLOW
-$80

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.

$445,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$15,717

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
  • $2,227

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,1504$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 15837 S 11th Way Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1402 E Cathedral Rock Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 1214 E Brookwood Court Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2016
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.16
    •  
  • 16508 S 10th Street Phoenix, AZ 4
    • 4 beds 4 baths ∙ 1,995 Sqft ∙ Built 2019 4 beds 4 baths ∙ 1,995 Sqft ∙ Built 2019
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.15
    •  
  • 16431 S 10th Street Phoenix, AZ 5
    • 4 beds 4 baths ∙ 1,995 Sqft ∙ Built 2020 4 beds 4 baths ∙ 1,995 Sqft ∙ Built 2020
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.20
    •  
PROPERTY LISTING DETAILS
Lisa Daniels
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178967
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy