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6810 S 15th Street Phoenix, AZ 85042

5 Beds 2 Baths 2,504 sqft Built 2000

$399,990

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $159.74
  • 30 Days on Market
  • MLS # : 6137783
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,504 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

RARE GEM. Extremely desirable 5 bedroom , 2 bath, 3 car garage single level no HOA , cul-de-sac home on an oversized lot located near South Mountain. Home features an upgraded kitchen and flooring on an oversized lot. Single Story 5 bedrooms don't last and neither will this one. Bring your best offer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: South Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591567

* 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
C.o. Greenfield School Primary Regular 581 33 3
C.o. Greenfield School Middle Regular 581 33 3
South Mountain High School High Regular 1,706 102 2

C.o. Greenfield School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

C.o. Greenfield School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,476
Property Tax -$260
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$131

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.

$399,990

PROJECTED PRICE

$1,780

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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-$5.0k$0.0$5.0k$10k$15k

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$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$17,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7803$1,8504$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 6810 S 15th Street Phoenix, AZ 2
    • 5 beds 2 baths ∙ 2,504 Sqft ∙ Built 2000 5 beds 2 baths ∙ 2,504 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.71
    •  
  • 1430 E Maldonado Drive Phoenix, AZ 1
    • 5 beds 2 baths ∙ 2,504 Sqft ∙ Built 2000 5 beds 2 baths ∙ 2,504 Sqft ∙ Built 2000
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.68
    •  
  • 5216 S 16th Place Phoenix, AZ 3
    • 4 beds 4 baths ∙ 2,247 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,247 Sqft ∙ Built 2018
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 1623 E Greenway Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 1999
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 2111 E Valencia Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000
    property image
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
Winston Tease Jr
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6137783
Last Updated: 11/13/2020
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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