Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16443 N 45th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,752 sqft Built 1980

INVESTimate

$519,000

List Price

$1,790

$1,611 - $1,969

Rent Est.

$552,631  ( +6.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $296.23
  • 7 Days on Market
  • MLS # : 6115894
  • Updated Date : 08/23/2020 at 23:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This home has it all! Private entertainer's dream home with 3 bedrooms,2 baths an amazing backyard, 2 car garage attached plus a detached garage in back past the RV gate with RV parking...truly amazing!Large 10,000+ sq ft lot w/ lush foliage, brick patios with planters, a dog run & an elevated pebbletech pool. New distressed wood plank tile floors throughout, beautiful highly upgraded expansive granite counters, new 2 tone shaker cabinets, stainless steel appliances, new canned lights, and a large walk in pantry make this a gourmet chefs dream kitchen!! Master has lovely sitting area w/ two closets & a fireplace. Both bathrooms have been remodeled. Countless upgrades include: new roof, new ac, new baseboards, fresh paint, custom shiplap walls, apoxy garage, new cool deck, new windows

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$467,100$570,900$519,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,915
Property Tax -$327
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$612

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.

$519,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8503$1,9004$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 16443 N 45th Place Phoenix, 1
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.02
    •  
  • 4550 E Meadow Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 17044 N 43rd Place Phoenix, 3
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
  • 4431 E Anderson Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1995
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.10
    •  
  • 4644 E Le Marche Avenue Phoenix, 5
    • 4 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
PROPERTY LISTING DETAILS
Angela S Barney
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115894
Last Updated: 08/23/2020
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.

BESbswy