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16014 S 13th Way Phoenix, AZ 85048

3 Beds 2 Baths 2,161 sqft Built 1989

INVESTimate

$474,900

List Price

$1,740

$1,566 - $1,914

Rent Est.

$489,242  ( +3.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $219.76
  • 6 Days on Market
  • MLS # : 6120627
  • Updated Date : 08/24/2020 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,161 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This beautiful 3 bedroom plus office space is nestled in the highly desirable Ahwatukee community of Fairways at the Foothills. Also located in the award winning Kyrene School district! This home has updates throughout including upgraded flooring, neutral paint, kitchen with granite counters, wall ovens, and island. Vaulted ceilings give this home an airy and spacious feeling. The master suite bathroom has been beautifully redone with modern tile flooring and wall tiles, separate soaking tub, walk in shower, and separate vanities. The backyard is perfect for entertaining with a private pool, covered patio, paver walkway, separate sitting area, and dog run.

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
 

$427,410$522,390$474,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,752
Property Tax -$338
Property Insurance -$69
HOA -$73
Property Management Fees -$99
CASH FLOW
-$592

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.

$474,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.02%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$431

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
  • $1,902

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8453$1,9484$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 16014 S 13th Way Phoenix, 1
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1323 E Cathedral Rock Drive Phoenix, 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
    •  
  • 1204 E Silverwood Drive Phoenix, 3
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,948
    • $0.96
    •  
  • 16838 S 20th Place Phoenix, 4
    • 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
    •  
  • 15205 S 14th Place Phoenix, 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1995
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Rc Hard
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120627
Last Updated: 08/24/2020
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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