Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18316 N 65th Place Phoenix, AZ 85054

4 Beds 3 Baths 2,007 sqft Built 2019

$665,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $331.34
  • 2 Days on Market
  • MLS # : 6182038
  • Updated Date : 01/16/2021 at 23:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 3 full
Listing Agent

Homie

Listing Agent's Description

Covered Entry with Paver Decking/Covered Patio/Additional Uncovered/Patio with Paver Decking/Stone Veneer/8' Entry Door/Volume Ceilings/Carpet and Upgraded Tile Flooring/Window Blinds/8' Interior Doors/Granite Vanity Counters/Water Filter/Soft Water System (Lifetime Warranty)/Kitchen:Gourmet Kitchen/Wood Cabinets with Crown Molding/Slab Granite Vanity Counters/Subway Tile Back-Splash/Island with Breakfast Bar/Pantry.

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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
7
GreatSchools Rating

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
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,310
Property Tax -$419
Property Insurance -$66
HOA -$100
Property Management Fees -$99
CASH FLOW
-$114

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.

$665,000

PROJECTED PRICE

$2,880

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,310

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$27,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,855

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,8803$2,9004$2,9905$3,000
$3,000
RENT COMPS ANALYSIS
  • 18316 N 65th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.43
    •  
  • 6521 E Michigan Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2018
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.25
    •  
  • 6507 E Bluefield Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 2019
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.58
    •  
  • 18314 N 65th Way N Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 2019
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.49
    •  
  • 6519 E Villa Maria Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2019
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182038
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy