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16626 S 18th Drive Phoenix, AZ 85045

3 Beds 3 Baths 2,437 sqft Built 1999

$455,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $186.70
  • 7 Days on Market
  • MLS # : 6163954
  • Updated Date : 11/23/2020 at 12:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,437 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Northwest

Listing Agent's Description

Incredible opportunity to own this 3bed/2.5bath home nestled into the highly desirable Foothills Club West. Great curb appeal leads you into the light and bright meticulously cared for dramatic interior featuring soaring ceilings, crisp white paint and a spacious fluid open floor plan. Kitchen boasts a plethora of white cabinetry, sleek black appliances and a center island with breakfast bar. Spacious downstairs master with dual sinks, soaking tub and separate shower. Upstairs your will find a loft with built in desk. Step out to your own private oasis. Complete with sparkling pool and jaw dropping mountain views. Perfect for entertaining. Do not miss out on this amazing home. See it today and make it yours!

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 Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

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

$409,500$500,500$455,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,679
Property Tax -$324
Property Insurance -$75
HOA -$5
Property Management Fees -$99
CASH FLOW
-$212

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.

$455,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,023

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9703$1,9754$1,9955$2,395
$2,395
RENT COMPS ANALYSIS
  • 16626 S 18th Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,437 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,437 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.81
    •  
  • 16201 S 17th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 1851 W Hiddenview Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 16622 S 30th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 1817 W Amberwood Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998
    property image
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.95
    •  
PROPERTY LISTING DETAILS
Maricela Madrid
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163954
Last Updated: 11/23/2020
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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