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18422 N 46th Place Phoenix, AZ 85032

3 Beds 3 Baths 1,748 sqft Built 1989

$385,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $220.25
  • 6 Days on Market
  • MLS # : 6180008
  • Updated Date : 01/12/2021 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Location Location Location! Beautiful 3 Bedroom, 2.5 Bathroom Home in Popular College Point in North Phoenix. This Attractive Open Style Floor Plan has Soaring Ceilings in the Living Room and Dining Room. Enjoy Your Double Sided Fireplace in the Living/Family Rooms. Spacious Kitchen Boasts Granite Counter Tops. Master Bedroom Ensuite has a Double Sink Vanity and Separate Tub and Shower. Great Area! Convenient to Desert Ridge and Paradise Valley Mall, Shopping, Restaurants, Wonderful Schools, 101 Freeway, Mayo Hospital. Quiet Location in a Great Neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k296k

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

Neighborhood: College Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,337
Property Tax -$242
Property Insurance -$61
HOA -$47
Property Management Fees -$99
CASH FLOW
$63

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.

$385,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7853$1,7954$1,8505$2,050
$2,050
RENT COMPS ANALYSIS
  • 18422 N 46th Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 4546 E Villa Theresa Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1990
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
  • 4519 E Villa Maria Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1990
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.03
    •  
  • 4434 E Annette Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1988
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
  • 4514 E Villa Maria Drive E Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1990
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.18
    •  
PROPERTY LISTING DETAILS
Tammra Heron
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180008
Last Updated: 01/12/2021
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.

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