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18447 N 31st Street Phoenix, AZ 85032

3 Beds 2 Baths 1,368 sqft Built 1995

$320,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $233.92
  • 2 Days on Market
  • MLS # : 6178932
  • Updated Date : 01/09/2021 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Incredible opportunity to own this 3bed/2bath home in highly desirable North Phoenix. This gem features great curb appeal leading into the light & bright interior with soaring vaulted ceilings, tile flooring & two tone paint. Well appointed kitchen with refinished cabinets, new sink, new faucet, new dishwasher and microwave is open to large breakfast room. Spacious master retreat includes private en suite. The additional bedrooms are generously sized & offer flexibility. Enjoy the new a/c heat pump that was fully replaced in 2019. Step out to expansive grassy backyard with large patio. it's the perfect place to relax & enjoy the Arizona lifestyle year round. Easy access to dining, shopping, golf, parks, PVCC, freeways & so much more. Do not miss out! Schedule your private showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Terrace South

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k288k

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

Neighborhood: Paradise Valley Terrace South

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
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,111
Property Tax -$202
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$44

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.

$320,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.47%

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-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$23,526

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
  • $1,515

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,6504$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 18447 N 31st Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18250 N 32nd Street #1021 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 3101 E Siesta Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 3048 E Siesta Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 3231 E Kerry Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1997
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.18
    •  
PROPERTY LISTING DETAILS
Frances Gutierrez
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178932
Last Updated: 01/09/2021
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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