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4631 N 15th Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,294 sqft Built 1952

$355,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $274.34
  • 3 Days on Market
  • MLS # : 6199513
  • Updated Date : 02/27/2021 at 15:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,294 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This charming 3bedroom home will not last! New roof larger lot and no HOA. This home offers an open concept layout and tile flooring throughout, the kitchen boost granite counters and the bathroom has been tastefully updated. See this one before it's gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park View Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k283k

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

Neighborhood: Park View Homes

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
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

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,233
Property Tax -$187
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$181

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.

$355,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.0%
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

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$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 55% 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

3.17

YEARS SAVED

$9,004

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,255

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3903$1,3974$1,4885$1,500
$1,500
RENT COMPS ANALYSIS
  • 4631 N 15th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.07
    •  
  • 1110 W Turney Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 4544 N 15th Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,397
    • $0.88
    •  
  • 1547 W Hazelwood Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,488
    • $0.94
    •  
  • 1501 W Hazelwood Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Maisha Fair
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199513
Last Updated: 02/27/2021
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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