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16410 S 12th Street #218 # 218 Phoenix, AZ 85048

2 Beds 2 Baths 1,389 sqft Built 2003

INVESTimate

$269,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$280,298  ( +4.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $193.66
  • 5 Days on Market
  • MLS # : 6121080
  • Updated Date : 08/24/2020 at 17:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,389 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Newly Remodeled in Gated Lakeside Toscana. This stunning home features quartz countertops in kitchen and baths, new flooring throughout, new fixtures, and custom entertainment wall in living rm. Spacious master bedroom with large master bath including walk in closet, and double vanity sink. Great gated community with pool and spa. Additional features include additional deeded uncovered assigned parking space, 1 car garage, balcony off master and living rm, ac unit less than 6 months old. Just minutes from downtown, 3 blocks to freeway, kyrene school district and Desert Vista High School.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Toscana Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Toscana Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8201981

* 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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$992
Property Tax -$191
Property Insurance -$54
HOA -$284
Property Management Fees -$99
CASH FLOW
-$31

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.

$269,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.20%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5504$1,5905$1,600
$1,600
RENT COMPS ANALYSIS
  • 16410 S 12th Street #218 Phoenix, 4
    • 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.14
    •  
  • 16410 S 12th Street #107 Phoenix, 1
    • 2 beds 2 baths ∙ 1,348 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,348 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 1132 E Silverwood Drive Phoenix, 2
    • 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 1994
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.21
    •  
  • 16410 S 12th Street #109 Phoenix, 3
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 16410 S 12th Street #226 Phoenix, 5
    • 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
PROPERTY LISTING DETAILS
Shelly T Berry
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121080
Last Updated: 08/24/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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