Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13423 N 18th Place Phoenix, AZ 85022

3 Beds 3 Baths 2,011 sqft Built 2002

$475,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $236.20
  • 3 Days on Market
  • MLS # : 6212466
  • Updated Date : 03/27/2021 at 18:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,011 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful Home with a nice floor plan and remarkable mountain views!! Fresh paint inside and out. NEW carpet, NEW ceiling fans and LED light fixtures. Stainless Steel appliances, refinished kitchen cabinets and NEW hardware. Huge corner lot on a CUL-DE-SAC with RV Gate and plenty of room for toys!! Generous size backyard ready to entertain with your built in BBQ and Outdoor Fire Pit. Close to PV schools and Hiking Trails. NO HOA!! Agent related to Seller.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montclair Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Montclair Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,650
Property Tax -$299
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$484

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.

$475,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6303$1,6954$1,7955$2,095
$2,095
RENT COMPS ANALYSIS
  • 13423 N 18th Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.81
    •  
  • 1832 E Friess Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 915 E Hearn Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1998
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 1742 E Winchcomb Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 2916 E Ludlow Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1991
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
PROPERTY LISTING DETAILS
Fabiola Felix
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212466
Last Updated: 03/27/2021
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.

BESbswy