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18235 N 30th Street Phoenix, AZ 85032

5 Beds 4 Baths 2,976 sqft Built 1986

$439,500

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $147.68
  • 7 Days on Market
  • MLS # : 6170949
  • Updated Date : 12/21/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,976 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

If you are looking for a home with great entertainment space, this is it. If you are looking for two master bedrooms, this home has that also. This home has a 622 square feet entertaining living area with an amazing bar with ice maker, sink, dishwasher, beverage fridge and can easily seat 12 at the bar. The rest of this space has a built in bookcase/ entertainment center and room for a large sectional and/or pool table. Patio doors from this room take you to a covered patio with ceiling fans and then out to the beautiful yard. In addition to that room there is a formal dining room that could be used as another living space or game room. In addition to that there is another space that could be a dining room or den. The kitchen is very open and has a large island that can easily seat

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pepper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Pepper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8351567

* 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
Campo Bello Elementary School Primary Regular 492 33 5
Campo Bello Elementary School Middle Regular 492 33 5
Paradise Valley High School High Regular 1,806 99 5

Campo Bello Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 33
5
GreatSchools Rating

Campo Bello Elementary School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 33
5
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$395,550$483,450$439,500

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,622
Property Tax -$277
Property Insurance -$85
Property Management Fees -$99
CASH FLOW
$508

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$439,500

PROJECTED PRICE

$2,590

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,218

INVESTMENT

$122,218

Down Payment
$109,875
Rehab Estimate
$5,750
Closing Costs
$6,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,875
Loan Amount $329,625
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$92,345

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
  • $3,065

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$2,9004$3,200
$3,200
RENT COMPS ANALYSIS
  • 18235 N 30th Street Phoenix, AZ 1
    • 5 beds 4 baths ∙ 2,976 Sqft ∙ Built 1986 5 beds 4 baths ∙ 2,976 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3440 E Morrow Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.89
    •  
  • 16223 N 40th Place Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 19407 N 36th Place Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.22
    •  
PROPERTY LISTING DETAILS
Denise Peck
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170949
Last Updated: 12/21/2020
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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