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13446 N 18th Street Phoenix, AZ 85022

3 Beds 2 Baths 2,216 sqft Built 1963

$395,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $178.25
  • 2 Days on Market
  • MLS # : 6189840
  • Updated Date : 02/06/2021 at 22:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,216 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

VIEWS ON VIEWS! Catch a beautiful sunrise from this elevated east facing home that offers incredible mountain views in every direction! This home offers many unique features - ideal for a buyer who prefers character over cookie-cutter. Carport leads directly into updated kitchen with SS appliances, tile backsplash, and white shiplap. Follow the wood grain tile into the living room where you will find a cozy fireplace and bright, oversized windows with more views! Get creative with the tall ceilings in the huge space just off the living area; office, music/crafts room, you name it! Remodeled master bathroom with full tub-shower and dual sinks. Backyard offers great privacy. Third bedroom with separate entrance, perfect for guests or additional income. All this for under $400K!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montclair Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k370k

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

Neighborhood: Montclair Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341784

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,372
Property Tax -$249
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$30

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.

$395,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$26,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7003$1,7954$1,8205$1,825
$1,825
RENT COMPS ANALYSIS
  • 13446 N 18th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.82
    •  
  • 15855 N 18th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1980
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 2621 E Vista Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 230 E Wood Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 15015 N 20th Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
PROPERTY LISTING DETAILS
Chris Ziebell
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189840
Last Updated: 02/06/2021
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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