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13630 N 18th Street Phoenix, AZ 85022

3 Beds 4 Baths 2,640 sqft Built 1999

INVESTimate

$675,000

List Price

$2,290

$2,061 - $2,519

Rent Est.

$718,875  ( +6.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $255.68
  • 6 Days on Market
  • MLS # : 6118683
  • Updated Date : 08/21/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,640 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Welcome to this hillside stunner in Phoenix! This is an outstanding custom built masonry home. This home has sooo much to offer, and yet it's at such an incredible value!! The pride of homeownership here is tremendous! New upgrades include: New Roof (2019), 3 car RV garage in addition to the 2 car garage attached to the house. Over 1/3rd of an acre lot. No HOA! Masonry construction with R 38 insulation and synthetic stucco. Custom built pool and spa(both solar heated) w/private grotto and water feature. Custom fireplace and amazing outdoor entertaining area offering panoramic views with travertine flooring. Instant hot water system. Extensive pavers are offered throughout the front and backyard. Watch video for walk through****All showings begin 8/25/2020****

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Huynh Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k501k

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

Neighborhood: Huynh Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342155

* 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
Hidden Hills Elementary School Primary Regular 501 30 7
Hidden Hills Elementary School Middle Regular 501 30 7
Shadow Mountain High School High Regular 1,390 67 3

Hidden Hills Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Hidden Hills Elementary School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Shadow Mountain High School

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

$607,500$742,500$675,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,490
Property Tax -$425
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
-$803

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.

$675,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.50%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2903$2,3004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 13630 N 18th Street Phoenix, 2
    • 3 beds 4 baths ∙ 2,640 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,640 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.87
    •  
  • 1274 E Voltaire Avenue Phoenix, 1
    • 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 1946 E Betty Elyse Lane Phoenix, 3
    • 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 15823 N 17th Way Phoenix, 4
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 1545 E Sierra Street Phoenix, 5
    • 3 beds 3 baths ∙ 2,646 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,646 Sqft ∙ Built 2008
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Matt Huff
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118683
Last Updated: 08/21/2020
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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