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16267 S 12th Place Phoenix, AZ 85048

3 Beds 3 Baths 1,924 sqft Built 1992

$430,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $223.49
  • 2 Days on Market
  • MLS # : 6187655
  • Updated Date : 01/30/2021 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,924 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Foothills

Listing Agent's Description

WOW! Beautiful 3 bedroom plus loft located in excellent gated Augusta golf community within the Foothills of Ahwatukee. This home has been meticulously upgraded with rich wood floors and stylish 5'' baseboard. granite counter tops, beautiful custom cabinetry, luxurious fixtures, Stainless Appliances, neutral paint, cozy gas fireplace with Italian tile raised hearth and remote operation, elegant plantation shutters. Large master suite with walk out deck for star gazing. Recently installed Air Scrubber air sanitizer at HVAC, programmable smart thermostat with multi room function. new garage door and opener, new water heater with recirculation pump, This home is situated on one of the largest lots in the community. See ''Documents'' tab or ask your Realtor for complete list of recent upgrad

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,494
Property Tax -$306
Property Insurance -$65
HOA -$18
Property Management Fees -$99
CASH FLOW
$199

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.

$430,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.51%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$42,177

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
  • $2,169

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$2,0004$2,1505$2,150
$2,150
RENT COMPS ANALYSIS
  • 16267 S 12th Place Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1410 E Nighthawk Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 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
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 16602 S 14th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.19
    •  
  • 16664 S 14th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.19
    •  
PROPERTY LISTING DETAILS
Rod Hofeling
Re/max Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187655
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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