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18236 N 31st Street Phoenix, AZ 85032

3 Beds 2 Baths 1,059 sqft Built 1986

$275,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $259.68
  • 2 Days on Market
  • MLS # : 6170559
  • Updated Date : 12/12/2020 at 13:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,059 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

NEWLY REFACED HOME ON A QUIET STREET IN North Phoenix. Home uses available square footage just about as good as it could. Nice, open kitchen overlooks a big greatroom. Nice bright interior with vaulted ceilings, new wood style tile flooring, and new contemporary paint throughout.. Kitchen boasts stylish counter tops and white cabinetry. Ready for all of your personal touches. Steps to PV Community college and easy access to Desert Ridge, golf, parks, freeways and so much more. Do not miss out. See it today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Park Side

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $87k271k

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

Neighborhood: Paradise Park Side

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,015
Property Tax -$173
Property Insurance -$48
HOA -$10
Property Management Fees -$99
CASH FLOW
$75

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.

$275,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$28,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4203$1,5004$1,5505$1,625
$1,625
RENT COMPS ANALYSIS
  • 18236 N 31st Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,059 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,059 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.34
    •  
  • 2478 E John Cabot Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1982
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.18
    •  
  • 3223 E Angela Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.24
    •  
  • 17217 N 33rd Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1979
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.23
    •  
  • 2720 E Michelle Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1981
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.20
    •  
PROPERTY LISTING DETAILS
Matt M. Borkowski
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170559
Last Updated: 12/12/2020
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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