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18523 N 65th Place Phoenix, AZ 85054

4 Beds 4 Baths 2,460 sqft Built 2018

$799,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $324.80
  • 4 Days on Market
  • MLS # : 6212118
  • Updated Date : 03/27/2021 at 05:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,460 sqft
  • Baths : 3 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Highly upgraded, this immaculate home is nestled deep inside an intimate gated community near Loop 101 and 64th Street in Scottsdale. Flattered by plenty of warm and welcoming curb appeal, the interior boasts a bevy of designer finishes including gorgeous granite counters, handsome hardwood cabinetry, stunning wood-look plank-tile flooring and more. Front: Friendly coffee-and-conversation porch. Split-stone accents. Pavered drive. Colorful desert foliage. Beautiful royal-blue shutters, doors. Inside lower-level: Bright and open great room w/wide sheer-glass sliding patio doors. Spacious kitchen w/big sit-at serving-prep island, upscale stainless appointments. Upstairs: Owner's retreat w/pampering private bath. Nice-sized supporting bedrooms. Expansive loft, game room, teen gathering space

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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,775
Property Tax -$503
Property Insurance -$75
HOA -$105
Property Management Fees -$99
CASH FLOW
-$148

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.

$799,000

PROJECTED PRICE

$3,410

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$32,716

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
  • $3,376

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,0004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 18523 N 65th Place Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17652 N 77th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2014
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.23
    •  
  • 6519 E Villa Maria Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2019
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
  • 6517 E Rose Marie Lane Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.38
    •  
  • 17656 N 77th Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2014
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Allen Studebaker
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212118
Last Updated: 03/27/2021
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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