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18221 N 66th Way Phoenix, AZ 85054

4 Beds 4 Baths 2,774 sqft Built 2019

$819,900

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $295.57
  • 7 Days on Market
  • MLS # : 6194483
  • Updated Date : 02/17/2021 at 21:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,774 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

The ''Falcon'' Floorplan features 4 Bedrooms, 3.5 Baths with the Master Bedroom down and a 3-Car Tandem Garage. Custom designed interior Finishes with Granite and Custom Cabinets, Tile Plank Flooring, Large Baseboards with Smooth interior Drywall Finish. Includes a Stainless Gourmet Kitchen, Custom Window Coverings, Paver-Stone Driveway and Patio. Community Pool/Spa with Outdoor Walking/Biking Paths through out the community. Conveniently located off the loop 101 and 64th Street, minutes away from some of the greatest shopping,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k417k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342582

* 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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$737,910$901,890$819,900

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$2,848
Property Tax -$516
Property Insurance -$81
HOA -$105
Property Management Fees -$99
CASH FLOW
-$139

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.

$819,900

PROJECTED PRICE

$3,510

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$223,024

INVESTMENT

$223,024

Down Payment
$204,975
Rehab Estimate
$5,750
Closing Costs
$12,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,848

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $204,975
Loan Amount $614,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$34,392

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
  • $5,035

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$5,500
$5,500
RENT COMPS ANALYSIS
  • 18221 N 66th Way Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6517 E Rose Marie Lane Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.38
    •  
  • 7120 E Kierland Boulevard #912 Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,441 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,441 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.25
    •  
PROPERTY LISTING DETAILS
Judith A Jones
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194483
Last Updated: 02/17/2021
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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