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7014 N 15th Street Phoenix, AZ 85020

3 Beds 2 Baths 1,677 sqft Built 1951

INVESTimate

$519,000

List Price

$1,910

$1,719 - $2,101

Rent Est.

$555,901  ( +7.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $309.48
  • 4 Days on Market
  • MLS # : 6119846
  • Updated Date : 08/25/2020 at 13:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,677 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Here is that north central Phoenix gem that you have been waiting for! Gorgeous home, irrigated lot, & a tree lined cul de sac. This is not your ordinary location! When you step inside, you will be welcomed by the positive energy that exudes from this home. You'll walk into a spacious great room with a beautiful picture window that lets in tons of natural light. Just off the great room is a formal dining room that has been updated, yet has one nostalgic red brick accent wall. As you pass through the kitchen, take notice of the gorgeous cabinets, quartz counters, and upgraded appliances. You'll love the accent tiles and who doesn't love a pot filler at the stove? this kitchen is the perfect set up for Sunday morning pancakes! Around the kitchen is a great arrangement

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Patio del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k329k

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

Neighborhood: Patio del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9061652

* 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
Madison Simis Elementary School Primary Regular 951 43 9
Madison Meadows Middle School Middle Regular 845 40 8
North High School High Regular 2,616 128 5

Madison Simis Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 43
9
GreatSchools Rating

Madison Meadows Middle School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 40
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$467,100$570,900$519,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,915
Property Tax -$373
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$537

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.

$519,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.11%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8953$1,9104$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 7014 N 15th Street Phoenix, 3
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.14
    •  
  • 6741 N 11th Street Phoenix, 1
    • 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1951
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.14
    •  
  • 1714 E Maryland Avenue Phoenix, 2
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1955
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.28
    •  
  • 7036 N 15th Street Phoenix, 4
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1951
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 1619 E Maryland Avenue Phoenix, 5
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
PROPERTY LISTING DETAILS
Becky Garcia
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119846
Last Updated: 08/25/2020
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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