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16257 S 12th Place Phoenix, AZ 85048

3 Beds 3 Baths 2,190 sqft Built 1992

$429,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $196.30
  • 2 Days on Market
  • MLS # : 6187756
  • Updated Date : 01/30/2021 at 18:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,190 sqft
  • Baths : 2 full , 1 half
Listing Agent

Az Lane Realty

Listing Agent's Description

Fantastic 3bed/2.5bath home available in the highly desirable gated Golf Community of Augusta at the Foothills. Great tropical curb appeal leads you into the spacious fluid floor plan with soaring vaulted ceilings, fireplace in living room, tile flooring & large windows for an abundance of natural light. Kitchen boasts stainless steel appliances, stylish backsplash, plenty of white cabinetry and a center island with breakfast bar seating. Making it ideal for gathering with friends & family. Upstairs you will find a large loft, full of possibilities with Murphy Bed in closet. Downstairs private master retreat includes dual sinks, soaking tub & separate shower. Enjoy the backyard complete with an in ground spa. It's the perfect spot to enjoy Arizona year round.

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,493
Property Tax -$306
Property Insurance -$70
HOA -$18
Property Management Fees -$99
CASH FLOW
-$176

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.

$429,900

PROJECTED PRICE

$1,810

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

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8103$1,8454$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 16257 S 12th Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.83
    •  
  • 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 3
    • 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 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
    •  
  • 1318 E Cathedral Rock Drive Phoenix, AZ 5
    • 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
Lori L Lane
Az Lane Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187756
Last Updated: 01/30/2021
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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