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14828 N 18th Drive Phoenix, AZ 85023

3 Beds 2 Baths 1,604 sqft Built 1984

$389,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $242.52
  • 1 Days on Market
  • MLS # : 6162805
  • Updated Date : 11/28/2020 at 22:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning 3 bedroom, 2 bath in rarely available Eaton Moon Valley neighborhood near shopping, hiking, parks and schools. New kitchen, bathrooms, flooring and interior paint in 2020. Quartz countertops, luxury wide plank vinyl flooring, stainless steel appliances and two walk-in closets are sure to impress. The massive, low maintenance, over 1/3 of an acre lot offers a resurfaced pool with new motor and plumbing, huge shed, rock features and no neighbors to the west or north. Enjoy freshly epoxied floors in the spacious two car garage, new RV gate and NO HOA....bring your toys! 18 hole golf course and driving range across the street. 1.5 miles from I-17.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eaton Moon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Eaton Moon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,435
Property Tax -$232
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$365

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.

$389,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,106

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
  • $1,580

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,5454$1,6755$1,750
$1,750
RENT COMPS ANALYSIS
  • 14828 N 18th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15431 N 17th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1980
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.86
    •  
  • 13636 N 18th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 16036 N 11th Avenue #1115 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2000
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.01
    •  
  • 16036 N 11th Avenue #1039 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
PROPERTY LISTING DETAILS
Timothy Labo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162805
Last Updated: 11/28/2020
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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