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2515 W Preserve Way Phoenix, AZ 85085

4 Beds 2 Baths 1,757 sqft Built 2004

$369,990

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $210.58
  • 5 Days on Market
  • MLS # : 6157886
  • Updated Date : 12/04/2020 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,757 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 4 bedroom home located in cul de sac, wood laminate flooring throughout home, split floorplan, Quartz kitchen counter tops, subway tile backsplash, stainless steel appliances, updated guest bathroom surround sound throughout home, new ac in 2019, pavers, fire pit and turf in backyard, no neighbors behind you, come check it out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carefree Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k376k

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

Neighborhood: Carefree Crossing

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
Desert Mountain School Primary Regular 695 42 7
Desert Mountain School Middle Regular 695 42 7
Barry Goldwater High School High Regular 1,856 88 4

Desert Mountain School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Desert Mountain School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$332,991$406,989$369,990

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,365
Property Tax -$221
Property Insurance -$61
HOA -$15
Property Management Fees -$99
CASH FLOW
-$62

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.

$369,990

PROJECTED PRICE

$1,700

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,797

INVESTMENT

$103,797

Down Payment
$92,498
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,498
Loan Amount $277,493
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,087

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
  • $1,775

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6253$1,6954$1,7505$2,045
$2,045
RENT COMPS ANALYSIS
  • 2515 W Preserve Way Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2577 W Brilliant Sky Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.00
    •  
  • 34026 N 26th Avenue N Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 2905 W Laredo Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2018
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 33609 N 24th Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.06
    •  
PROPERTY LISTING DETAILS
Brian Scott Faul
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157886
Last Updated: 12/04/2020
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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