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16032 S 45th Place Phoenix, AZ 85048

4 Beds 3 Baths 2,534 sqft Built 1993

$479,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $189.38
  • 3 Days on Market
  • MLS # : 6209780
  • Updated Date : 03/21/2021 at 00:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,534 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zillow Homes Inc

Listing Agent's Description

Photos coming soon. This gorgeous 4 bedroom, 2.5 bathroom home has it all: no HOA, hardwood flooring throughout, and a bonus room that's perfect for a home office! The soaring ceilings of the living room lead into the kitchen which boasts sleek black appliances, granite countertops, and a large island. Up the stairs is the primary bedroom suite with its walk-in closet and a private bathroom with double vanity sinks and a separate soaking tub. Head back downstairs and out to the backyard; a lovely space with a covered patio and beautiful landscaping. Fantastic location; close to schools, shopping, and dining as well as easy access to highways 10 and 202!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k312k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Woodland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9341609

* 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 Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,667
Property Tax -$342
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
-$24

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$479,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$26,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,325

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1103$2,1604$2,1955$2,375
$2,375
RENT COMPS ANALYSIS
  • 16032 S 45th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.85
    •  
  • 4419 E Redwood Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2001
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.92
    •  
  • 16801 S 45th Place Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.83
    •  
  • 15445 S 47th Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
  • 4326 E Cedarwood Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2001
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.02
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209780
Last Updated: 03/21/2021
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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