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

16010 S 13th Place Phoenix, AZ 85048

3 Beds 2 Baths 2,279 sqft Built 1993

$500,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $219.39
  • 2 Days on Market
  • MLS # : 6209947
  • Updated Date : 03/20/2021 at 03:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,279 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This charming single story home is nestled in the highly desireable & gated community of Fairways at the Foothills. Spectacular golf course lot with mountain views, a private ''spool'' and covered patio. A spacious entry welcomes you to the formal living and dining room. Vaulted ceilings & a neutral color palette make this home airy & light. To the left, french doors will lead you to an office space that could be used as a 4th BR. A well appointed kitchen features granite countertops, stainless steel appliances & double ovens. The cozy family room includes a fireplace. The large master retreat has plush carpet and direct access to the yard. Adjacent to the master are 2 additional bedrooms. Upgraded widow coverings and light fixtures add to the ambiance. This home is truly a gem!

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,737
Property Tax -$356
Property Insurance -$72
HOA -$13
Property Management Fees -$99
CASH FLOW
-$266

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.

$500,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.40%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8453$1,9504$1,9755$2,010
$2,010
RENT COMPS ANALYSIS
  • 16010 S 13th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.88
    •  
  • 901 E Goldenrod Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1994
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.81
    •  
  • 1323 E Cathedral Rock Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.83
    •  
  • 16838 S 20th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 1318 E Cathedral Rock Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.88
    •  
PROPERTY LISTING DETAILS
Cori Bender
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209947
Last Updated: 03/20/2021
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.

BESbswy