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16025 S 12th Place Phoenix, AZ 85048

3 Beds 2 Baths 1,655 sqft Built 1989

$445,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $268.88
  • 2 Days on Market
  • MLS # : 6201896
  • Updated Date : 03/06/2021 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,655 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Move in ready single level, well-maintained home on 5th Tee of Foothills Golf Course! 3 bedrooms, 2 baths with travertine tile, engineer cherry wood floors, NO CARPET. Great room floorplan w/plantation shutters, upgraded kitchen with Thomasville cherry cabinets w/pull out drawers, hands free undermount lighting, glass tile backsplash, stainless appliances, convection microwave, Energy Star double oven/stove, & new touch faucet. Upgraded Master bath includes Thomasville double vanity/sink, jacuzzi tub & custom closet cabinetry & Low E Milgard french doors to back. REMODELED pool, variable speed pool pump, new decking, upper deck has amazing mountain and golf course views. Partial new roof, new water heater, sunscreens, bath faucets. Washer/Dryer/Refrigerator convey.

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

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,546
Property Tax -$317
Property Insurance -$59
HOA -$6
Property Management Fees -$99
CASH FLOW
-$147

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

$1,880

PROJECTED RENT

0.42%

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

3.58

YEARS SAVED

$14,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$2,0003$2,0004$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 16025 S 12th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.14
    •  
  • 1144 E Wildwood Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.28
    •  
  • 16617 S 14th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 16019 S 10th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1996
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.30
    •  
  • 16602 S 14th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jan L Green
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201896
Last Updated: 03/06/2021
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.

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