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16236 S 18th Place Phoenix, AZ 85048

4 Beds 3 Baths 2,821 sqft Built 1992

$749,900

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $265.83
  • 3 Days on Market
  • MLS # : 6184217
  • Updated Date : 01/23/2021 at 12:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,821 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Wow!! This beautiful single level hillside property is truly one of a kind. Enter through the gorgeous stone entry to an open concept, vaulted ceiling living area. The kitchen features granite counter tops, stainless steel appliances, beautiful cabinets, and kitchen island! It opens up into a family room area with cozy fireplace, perfect for relaxing with the family. Windows surround to allow natural lighting throughout. The Master bedroom is spacious as can be! The master bathroom features a large bathtub, beautiful cabinets, double sinks, and walk-in closest. The high ceilings and windows allow natural lighting and really open up the room. There is an exit from the bedroom that leads you to the absolute oasis of a backyard. Additional upgrades listed on document in Document Tab.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,605
Property Tax -$534
Property Insurance -$83
HOA -$17
Property Management Fees -$99
CASH FLOW
-$487

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.

$749,900

PROJECTED PRICE

$2,850

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,943

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$3,0004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 16236 S 18th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.00
    •  
  • 1655 E Saltsage Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
  • 16006 S 13th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1993
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
  • 15810 S 18th Street Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 1989
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 1824 E Briarwood Terrace Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Bonny L. Holland
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184217
Last Updated: 01/23/2021
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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