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15842 S 13th Place Phoenix, AZ 85048

4 Beds 3 Baths 2,691 sqft Built 1993

$499,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $185.43
  • 3 Days on Market
  • MLS # : 6159979
  • Updated Date : 11/14/2020 at 12:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,691 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This beautiful home offers you a lifestyle in the desirable community of The Foothills of Ahwatukee. Gorgeous mountain and golf course views. A spacious entry welcomes you into the formal living and dining areas and on into a spacious open concept floor plan. Well appointed kitchen has granite countertops, stainless steel appliances and a double oven. New can lighting in the kitchen brightens the room. Family living area includes a cozy fireplace and french door leading to a huge covered patio and pool. Perfect for entertaining. This home has brand new neutral paint throughout. The master shower has been newly remodeled with decorative tile and gorgeous glass doors. This is such a great opportunity to call this your home!

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,841
Property Tax -$355
Property Insurance -$80
HOA -$75
Property Management Fees -$99
CASH FLOW
$230

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.

$499,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.54%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$57,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,054

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$3,0003$3,2504$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 15842 S 13th Place Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.00
    •  
  • 16006 S 13th Place Phoenix, AZ 2
    • 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
    •  
  • 1040 E Mountain Vista Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.20
    •  
  • 1824 E Briarwood Terrace Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 16026 S 13th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 1993
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Daradee Olson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159979
Last Updated: 11/14/2020
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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