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18039 N 12th Place Phoenix, AZ 85022

4 Beds 3 Baths 2,183 sqft Built 1992

$355,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $162.62
  • 2 Days on Market
  • MLS # : 6182947
  • Updated Date : 01/23/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,183 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Beautiful two story home with 4 bedrooms and 2.5 bathrooms. Upon entering, you feel a sense of grandness with the vaulted ceilings and open balcony to the bonus room. Gas fireplace in the living room and is open to the formal dining area. The kitchen boasts ample cabinet space and connected to the informal dining with views of the backyard. Also on the main level, a spacious master bedroom with its own private double doors to the back yard. The master bathroom has double sinks, soaker tub & walk in shower with beautifully updated black tile. Upstairs has 3 bedrooms, a full bath and a large bonus room; perfect for a second living space with a deck, great for entertaining. The backyard has a covered patio, storage shed, and privacy.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Winds of North Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Winds of North Canyon

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
Echo Mountain Primary School Primary Regular 609 37 4
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Echo Mountain Primary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 37
4
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,233
Property Tax -$224
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$245

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.

$355,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$43,691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,9953$2,1504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 18039 N 12th Place Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.86
    •  
  • 18223 N 16th Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 1987
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 1322 E Saint John Road Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 17839 N 13th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 1996
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
  • 1230 E Saint John Road Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Napoleon B Andrews
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182947
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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