Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18616 N 43rd Street Phoenix, AZ 85050

3 Beds 2 Baths 1,561 sqft Built 1991

$365,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $233.82
  • 2 Days on Market
  • MLS # : 6170761
  • Updated Date : 12/12/2020 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,561 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Hurry and see this updated 3 bed, 2 bath home now on the market! Located in desirable PHX 85050, only a short drive away from the 101 & Desert Ridge Marketplace. This fabulous home boasts no steps, hardwood floors and tile throughout. A large Great Room with a fireplace, a formal dining room, and a gorgeous eat-in kitchen with ample storage, granite countertops and all the stainless steel appliances you need for home cooking. The spacious master bedroom features a large walk-in closet, a full bath with, dual vanity as well as separate soaking tub and shower, and a private exit to the backyard. The Backyard features a covered patio, pavers and synthetic easy-care lawn. The perfect place for relaxing and outdoor entertaining! You don't want to miss it!

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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,347
Property Tax -$230
Property Insurance -$58
HOA -$1
Property Management Fees -$99
CASH FLOW
-$15

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.

$365,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.47%

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$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,202

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
  • $1,729

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7004$1,7755$1,825
$1,825
RENT COMPS ANALYSIS
  • 18616 N 43rd Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4368 E Rosemonte Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2007
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 4238 E Morrow Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1990
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.09
    •  
  • 4241 E Jason Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1991
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.14
    •  
  • 4374 E Renee Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.14
    •  
PROPERTY LISTING DETAILS
Michael Shumsky
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170761
Last Updated: 12/12/2020
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.

BESbswy