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18802 N 13th Avenue Phoenix, AZ 85027

3 Beds 2 Baths 2,093 sqft Built 1974

$310,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $148.11
  • 2 Days on Market
  • MLS # : 6163469
  • Updated Date : 11/21/2020 at 07:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,093 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Amazing and stylish single level 3 bedroom 2 bath home with 2093 sq feet. Home boasts a huge Master bedroom with sitting area, extra-large walk-in closet and modern Master bathroom with separate tub and shower. Kitchen boasts granite countertops, mocha cabinets, beautiful tile backsplash, SS appliances, and plenty of room for a large table. Neutral paint and 20'' tile throughout with carpet in bedrooms. Family room has soaring tongue and groove vaulted ceilings and leads out to an extended patio and backyard with mature trees. RV gate, extended garage, extra-large laundry room, separate storage room AND a detached bonus room with AC and electricity! Affordable leased solar panels that almost erase your APS bill. All located in a wonderful neighborhood that is close to shopping and a

SEE MORE

PRICE & RENT TRENDS

Neighborhood: National Emblem North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: National Emblem North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7231567

* 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
Constitution Elementary School Primary Regular 680 44 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Constitution Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 44
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,144
Property Tax -$186
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$174

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.

$310,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$42,318

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
  • $1,899

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5493$1,5954$1,7005$1,799
$1,799
RENT COMPS ANALYSIS
  • 18802 N 13th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1012 W Libby Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.88
    •  
  • 1406 W Anderson Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1957
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 1431 W Behrend Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1977
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 18841 N 2nd Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1994
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.99
    •  
PROPERTY LISTING DETAILS
Rachael Endsley
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163469
Last Updated: 11/21/2020
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.

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