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5409 S 15th Avenue Phoenix, AZ 85041

3 Beds 1 Baths 1,152 sqft Built 1930

$225,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $195.31
  • 1 Days on Market
  • MLS # : 6168309
  • Updated Date : 12/05/2020 at 19:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 1 full
Listing Agent

Realty One Group

Listing Agent's Description

This 3 bed/1 bath home is vacant and ready for you to move in quickly! It has a gated entry, tile throughout most of the home, a separate dining area, and a unique block wall entry patio. Out back there are several mature trees, plenty of space for an RV, and there is storage. Call if you have questions. Thank you!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6061567

* 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
John R. Davis School Primary Regular 467 21 1
John R. Davis School Middle Regular 467 21 1
Cesar Chavez High School High Regular 2,575 131 3

John R. Davis School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 21
1
GreatSchools Rating

John R. Davis School

  • Education Level: Middle
  • # of students: 467
  • # of teachers: 21
1
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$830
Property Tax -$146
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$45

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.

$225,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,241

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
  • $1,256

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,200
$1,200
RENT COMPS ANALYSIS
  • 5409 S 15th Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1930
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 210 E Jones Avenue #12bh Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1946
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.09
    •  
  • 242 W Sunland Avenue Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1946
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Ramon Osorio
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168309
Last Updated: 12/05/2020
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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