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18402 N 26th Street Phoenix, AZ 85032

3 Beds 2 Baths 1,522 sqft Built 1984

$389,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $256.18
  • 2 Days on Market
  • MLS # : 6206004
  • Updated Date : 03/13/2021 at 07:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,522 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This beautifully remodeled 3 bed 2 bath home has a 2 car garage, RV gate and NO HOA! This home offers a huge lot size on a cul-de-sac. The kitchen has been completely redone with quartz counter tops, brand new stainless steel appliances and white cabinets. Both bathrooms have been fully redone. HUGE covered patio and backyard with beautiful pool, basketball court, paved RV parking and RV gate, extra storage in garage and two separate storage sheds. Full roof replaced February of 2019. Immaculate & move in ready home with very close access to both the 101 and the 51.

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
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,354
Property Tax -$246
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$176

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.

$389,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6953$1,7854$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 18402 N 26th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.04
    •  
  • 2744 E Villa Theresa Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1984
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.19
    •  
  • 2907 E Michelle Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1984
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.18
    •  
  • 2415 E Rosemonte Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2000
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.24
    •  
  • 2936 E Villa Theresa Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.18
    •  
PROPERTY LISTING DETAILS
Elina Halse
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206004
Last Updated: 03/13/2021
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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