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16027 S 1st Street Phoenix, AZ 85048

4 Beds 3 Baths 2,950 sqft Built 1995

$725,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $245.76
  • 4 Days on Market
  • MLS # : 6208718
  • Updated Date : 03/20/2021 at 19:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,950 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Nearly a quarter acre on the preserve! This home is remarkably remodeled in a transitional contemporary style. Custom finishes throughout! Kitchen and bathrooms were remodeled in 2017. The kitchen boasts soft-close Shaker cabinetry with pull out shelving and crown molding, granite slab counter tops, tile back splash, island with pendant lighting, and stainless steel appliances. Open kitchen family room concept; gas fireplace in the family has ceiling to floor tile surrounds. Soaring vaulted ceilings! Solid core 8' interior doors. Smooth finish drywall throughout. Porcelain tile throughout with hardwood flooring in bedrooms. No carpet! 2018 Nuvo whole-house purification system.

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,518
Property Tax -$516
Property Insurance -$85
HOA -$34
Property Management Fees -$99
CASH FLOW
-$512

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.

$725,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.38%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,706

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
  • $2,751

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5503$2,6954$2,8005$2,975
$2,975
RENT COMPS ANALYSIS
  • 16027 S 1st Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15856 S 8th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.88
    •  
  • 1576 W Saltsage Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 1998
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
  • 918 W Windsong Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997
    property image
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 14828 S 5th Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 1999
    property image
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lisa Miguel
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208718
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.

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