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

18626 N 29th Place Phoenix, AZ 85050

4 Beds 2 Baths 1,599 sqft Built 1973

$500,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $312.70
  • 3 Days on Market
  • MLS # : 6199940
  • Updated Date : 02/27/2021 at 21:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,599 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow! Get ready to be surprised by this charming property for horses, toys, or a business man's dream in Phoenix! Located on nearly 1 Acre Lot this home offers mature vegetation & a track that leads to the 3 car garage and RV gate. You will find a lovely home with 4 bedrooms, 2 bathrooms, and a cozy front porch perfect to enjoy your favorite beverage. Interior boasts a spacious living/dining room, vaulted ceilings, real wood floors and tile. Beautiful country kitchen with granite countertops and access to the back patio. The huge backyard is divided; out the back it offers a relaxing covered patio, green grass, and mature trees that provided constant shade & breeze. Further, you will find a large yard suitable to park your trucks & RV's or to build a run-in shed for your livestock. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,737
Property Tax -$315
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$459

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.

$500,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,634

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
  • $1,867

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6954$1,7855$1,975
$1,975
RENT COMPS ANALYSIS
  • 18626 N 29th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3101 E Siesta Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 2744 E Villa Theresa Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1984
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.19
    •  
  • 2907 E Michelle Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1984
    property image
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.18
    •  
  • 2936 E Villa Theresa Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.18
    •  
PROPERTY LISTING DETAILS
Sandy Lemley
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199940
Last Updated: 02/27/2021
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.

BESbswy