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4241 N 15th Drive Phoenix, AZ 85015

4 Beds 2 Baths 1,557 sqft Built 1949

$344,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $221.52
  • 4 Days on Market
  • MLS # : 6167078
  • Updated Date : 12/03/2020 at 10:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,557 sqft
  • Baths : 2 full
Listing Agent

Petersen Realty

Listing Agent's Description

This is a rare opportunity a newly renovated home in a beautiful historical area. this home has all of the personal touches you are looking for. Some of the original hardware and doors have been kept to keep the charm and historic feel of the home, while at the same time adding updates throughout that is a perfect blend. Upon entry into a large size great room with beautiful 5-in baseboards. Open to a formal dining area and open style kitchen that features SS appliances including a gas stove a farm style sink dishwasher and refrigerator included as well as hard surface quartz counter-tops. Home features large master bedroom split floor plan with two walk-in closets and a gorgeous double sink vanity and upgraded tile shower. Home boasts 4 beds 2 baths, beautiful lot with work shop.

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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
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
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,273
Property Tax -$182
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$211

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.

$344,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.41%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,475

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,397
1$1,3972$1,4003$1,5004$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4241 N 15th Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1949 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 4544 N 15th Avenue Phoenix, AZ 1
    • 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
Ryan K Tollstrup
Petersen Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167078
Last Updated: 12/03/2020
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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