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

3025 N 15th Place Phoenix, AZ 85014

4 Beds 2 Baths 2,593 sqft Built 1949

$466,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $179.71
  • 6 Days on Market
  • MLS # : 6166171
  • Updated Date : 12/01/2020 at 12:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

If you are looking for a home in a cul de sac that has lots of room for entertaining and a large lot size plus an amazing amount of living space & storage, look no further.This home boasts an abundance of space for your family. 4 bedrooms, 2 baths, a great room, a family room, dining room. The Master bedroom has an office and work out space & sitting area, with room to spare! Wonderful natural light throughout the great room. Kitchen flows into the pantry area and 2nd dining area. Need room for your cars & toys? Oversized 2 car garage. 2 car tandem garage. 2 storage rooms! Going out the French doors is a lovely patio with so much outdoor space. Use for entertaining, gardening, storage, your business, so many possibilities!! No HOA

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peper-Thurman

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k314k

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

Neighborhood: Peper-Thurman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$419,400$512,600$466,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,719
Property Tax -$246
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$292

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$466,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,240

INVESTMENT

$129,240

Down Payment
$116,500
Rehab Estimate
$5,750
Closing Costs
$6,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,500
Loan Amount $349,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$11,647

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
  • $1,841

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5153$1,5954$1,850
$1,850
RENT COMPS ANALYSIS
  • 3025 N 15th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2508 E Montecito Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,287 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,287 Sqft ∙ Built 1949
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.66
    •  
  • 2033 N 17th Place Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 1937 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 1937
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 2302 N 30th Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1952 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1952
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rebecca L Minks
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166171
Last Updated: 12/01/2020
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