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8230 N 16th Street Phoenix, AZ 85020

4 Beds 4 Baths 3,350 sqft Built 2007

$775,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $231.34
  • 11 Days on Market
  • MLS # : 6151752
  • Updated Date : 10/31/2020 at 17:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,350 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful English Tudor situated one block from the Phoenix Mountain Preserves. This lovely home surrounded by mountains offers three bedrooms plus an office/den/gym on the main floor with an additional 1,200-sqft Guest Suite above the four car garage with kitchenette, bathroom, private entrance and beautiful views! Gourmet kitchen with oversized range and massive double door refrigerator. Large living room featuring vaulted ceilings and fireplace. Beautiful mountain views and very desirable location. Hiking trails and highways within minutes. Schedule your showing today! (To access the guest suite please enter through the double doors in the den, off the kitchen)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothill Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $87k358k

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

Neighborhood: Foothill Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8811981

* 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
Desert View Elementary School Primary Regular 454 29 3
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,859
Property Tax -$462
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$976

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.

$775,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$808

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
  • $2,474

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1954$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 8230 N 16th Street Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1502 E Dunlap Avenue #10 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 1502 E Dunlap Avenue #1 Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2016
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
  • 6745 N 13th Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 2006
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
  • 6823 N 14th Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2004
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jesse Scheel
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151752
Last Updated: 10/31/2020
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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