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8402 S 15th Way Phoenix, AZ 85042

3 Beds 2 Baths 1,284 sqft Built 1980

$295,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $229.75
  • 4 Days on Market
  • MLS # : 6196074
  • Updated Date : 02/26/2021 at 05:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,284 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome home! This charming 3 bedroom home is nestled underneath the peaceful cascade of South Mountain, offering breathtaking views and several hiking trails. Large lot, over 10,000 square ft with a welcoming front yard and expansive backyard. Complete with a covered patio, lush artificial turf and paver grilling area. NO HOA. The newly remodeled kitchen boasts quartz countertops, large apron front soapstone sink, white upper cabinetry and blue bottom cabinetry- offering a nice modern contrast, modern hardware, custom tiled backsplash and newer stainless steel appliances. Windows are adorned with charming white plantation shutters. The bathrooms have been fully remodeled with modern tile designs throughout. Hot Water Heater updated 2015. Washer/dryer included!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Camelot View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7891567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

South Mountain High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,025
Property Tax -$192
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$172

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.

$295,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.1%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$34,553

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
  • $1,653

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4954$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 8402 S 15th Way Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8627 S 14th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.30
    •  
  • 1510 E Saint Anne Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1996
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 1637 E Alicia Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.32
    •  
  • 916 E Caldwell Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1980
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.33
    •  
PROPERTY LISTING DETAILS
Katie Baccus
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196074
Last Updated: 02/26/2021
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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