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4005 N 15th Avenue Phoenix, AZ 85013

3 Beds 1 Baths 1,116 sqft Built 1947

$315,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $282.26
  • 3 Days on Market
  • MLS # : 6187006
  • Updated Date : 01/29/2021 at 01:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,116 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

The home of your dreams is here! Look no further...This charming 3bedroom/1bath home has plenty of space in the backyard for your future family gatherings. This home features interior neutral colors, plank tile flooring, stainless steel appliances, granite countertops, and upgradedkitchen cabinets...lets not forget to mention the double RV Gates and a detached storage shed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodlawn Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Woodlawn Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Encanto School Primary Alternative 664 32 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Encanto School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 32
3
GreatSchools Rating

Osborn Middle School

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

Central High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,094
Property Tax -$166
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$158

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.

$315,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,342

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4003$1,4504$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 4005 N 15th Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,116 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,116 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 208 W Glenrosa Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 3845 N 12th Avenue Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,143 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,143 Sqft ∙ Built 1947
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.27
    •  
  • 4210 N 18th Drive Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1946
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.27
    •  
  • 4537 N 15th Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.15
    •  
PROPERTY LISTING DETAILS
Diana M Mendoza
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187006
Last Updated: 01/29/2021
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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