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16824 S 14th Lane Phoenix, AZ 85045

5 Beds 4 Baths 3,452 sqft Built 1998

$615,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $178.16
  • 3 Days on Market
  • MLS # : 6183793
  • Updated Date : 01/22/2021 at 16:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,452 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Gorgeous Home in Ahwatukee Club West**Stunning Resort Backyard with Salt Water Pool/Waterfall**Artificial Turf**New Pool Pump**Kitchen is Open and Overlooks Family Room With Views of Backyard**Granite Counters & Stainless Steel Appliances**Fully Covered Patio**Guest Suite w/ Private Bath on First Floor*Office/Game Room on Main Level**Upstairs are 4 more Bedrooms incl. Huge Master Suite w/ walk in Closet & Storage**RV Gate*Multi Level HVAC Control**3 Car Garage**Move-In Ready!!

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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,136
Property Tax -$438
Property Insurance -$94
HOA -$5
Property Management Fees -$99
CASH FLOW
$137

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.

$615,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.47%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$46,443

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
  • $3,038

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5503$2,9954$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 16824 S 14th Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,452 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,452 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15848 S 8th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.79
    •  
  • 16042 S 14th Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 3,318 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,318 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
  • 16232 S 1st Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,152 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,152 Sqft ∙ Built 1995
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 533 W Desert Flower Lane Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Stacy Esman
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183793
Last Updated: 01/22/2021
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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