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18611 N 43rd Street Phoenix, AZ 85050

3 Beds 2 Baths 1,276 sqft Built 1990

$355,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $278.21
  • 2 Days on Market
  • MLS # : 6203448
  • Updated Date : 03/06/2021 at 20:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,276 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Excellent 3bed/2bath home situated on a premium corner lot, in a great North Phoenix location. Easy access to the Hiking/Biking trails of Reach 11, Minutes from 101, 51, Desert Ridge and, Kierland shopping/dining and within the Paradise Valley school district. This well maintained gem features great curb appeal leading into the light and bright interior with soaring vaulted ceilings, tile flooring, a soothing neutral paint palate and a flowing open floor plan. Kitchen boasts plenty of cabinetry and granite countertops. Spacious master retreat includes en suite with dual sinks, soaking tub and separate shower. The charming backyard with a paver patio is the perfect place to relax and enjoy Arizona outdoors. Do not miss out. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rosewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Rosewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

Paradise Valley High School

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

Paradise Valley High School

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

$319,500$390,500$355,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,233
Property Tax -$224
Property Insurance -$52
HOA -$1
Property Management Fees -$99
CASH FLOW
-$49

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.

$355,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,569

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5953$1,5954$1,6205$1,800
$1,800
RENT COMPS ANALYSIS
  • 18611 N 43rd Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.22
    •  
  • 4114 E Union Hills Drive #1265 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1988
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 4114 E Union Hills Drive #1234 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1987
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 4352 E Villa Maria Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1985
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.33
    •  
  • 4350 E Rosemonte Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2007
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Michelle Cordova
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203448
Last Updated: 03/06/2021
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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