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4224 N 15th Avenue Phoenix, AZ 85015

4 Beds 2 Baths 1,698 sqft Built 1948

$355,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $209.07
  • 5 Days on Market
  • MLS # : 6186312
  • Updated Date : 01/29/2021 at 00:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,698 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Your search for home is here! This charming 4 bedroom home has been well maintained and is ready for it's newest owner to call it their own! Featuring tile flooring throughout the main living and quality laminate in the bedrooms, an updated kitchen with sleek cabinetry, modern hardware, classic tile backsplash and stainless steel appliances. Huge backyard! Oversized concrete patio, RV gate with plenty of room to store your motorized toys and turn this into the backyard of your dreams! No HOA! Convenient access to all major freeways so you can get to any big shopping center, sports arena, concert venues, or hiking trails! This is one you won't want to miss!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bel Air

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Bel Air

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,233
Property Tax -$187
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$19

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.

$355,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,921

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
  • $1,609

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3973$1,5004$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4224 N 15th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4544 N 15th Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,397
    • $0.88
    •  
  • 1577 W Hazelwood Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 1716 W Devonshire Avenue Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 4508 N 15th Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186312
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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