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1806 N 15th Avenue Phoenix, AZ 85007

2 Beds 2 Baths 1,166 sqft Built 1936

$424,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1936
  • Price/Sqft : $364.41
  • 5 Days on Market
  • MLS # : 6201737
  • Updated Date : 03/05/2021 at 06:21
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,166 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Enjoy living in this Charming Historic Bungalow in desired Encanto District featuring 2 Beds, 1.25 Bath(2 showers), 2 Car Garage w/Bonus 144 sqft Studio/Office NOT reflected in 1,166 sqft, Family Room w/French Doors, Kitchen w/Stainless Steel Appliances, Gas Cooking, Carrera Marble Countertops, Subway Backsplash, Refrigerator, Washer & Dryer Included, Beautiful Original Wood Flooring, NEST Thermostat & Doorbell, Upgraded Hardware & Fixtures, Newer Interior/Exterior Paint, Extensive Glass Subway Tile in Bath, Newer Roof & So Much More! The Backyard is Shady Oasis featuring Covered Patio, Mature Trees & Extended Patio Spaces to Relax & Entertain on this huge 10,681 sqft LOT- Close to Everything w/Easy Access to the hottest Central Phoenix Dining, Shopping, Parks, Culture, Schools & Freeways!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairview Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $84k358k

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

Neighborhood: Fairview Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8551981

* 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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,476
Property Tax -$227
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$462

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.

$424,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$969

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
  • $1,388

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4954$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1806 N 15th Avenue Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,166 Sqft ∙ Built 1936 2 beds 2 baths ∙ 1,166 Sqft ∙ Built 1936
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1714 N 17th Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 1,132 Sqft ∙ Built 1916 2 beds 1 baths ∙ 1,132 Sqft ∙ Built 1916
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.23
    •  
  • 3128 N 17th Avenue Phoenix, AZ 3
    • 2 beds 1 baths ∙ 1,498 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,498 Sqft ∙ Built 1947
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.00
    •  
  • 3079 N 16th Avenue Phoenix, AZ 4
    • 2 beds 1 baths ∙ 1,305 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,305 Sqft ∙ Built 1941
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.26
    •  
  • 510 W Lewis Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,413 Sqft ∙ Built 1935 2 beds 1 baths ∙ 1,413 Sqft ∙ Built 1935
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Chris Defreitas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201737
Last Updated: 03/05/2021
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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