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18814 N 36th Street Phoenix, AZ 85050

4 Beds 2 Baths 2,039 sqft Built 1991

$475,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $232.96
  • 2 Days on Market
  • MLS # : 6173192
  • Updated Date : 12/19/2020 at 13:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,039 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome home to this spacious and bright 4 bed, 2 bath home with excellent curb appeal and low maintenance landscaping! Walking into the home you will notice the vaulted ceilings, neutral toned paint, and beautiful laminate and tile flooring that enhance the space. Your spacious great room and dining area have tons of natural light flooding in! Walking into the kitchen you will be blown away by the stainless steel appliances, gorgeous granite countertops, beautiful oak cabinets, island with a breakfast bar and a large walk-in pantry with tons of storage! You'll enjoy warming up in the family room by the stunning fireplace on those cooler Arizona evenings. Enter through the double doors to your exceptional master suite! The full master bathroom, double sink vanity, walk-in shower, soaking

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistas at North Gate

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k366k

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

Neighborhood: Vistas at North Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342061

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,753
Property Tax -$299
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$78

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.

$475,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,115

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9553$2,0004$2,0955$2,140
$2,140
RENT COMPS ANALYSIS
  • 18814 N 36th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.05
    •  
  • 3772 E Kerry Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2007
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.01
    •  
  • 3918 E Rockwood Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,955
    • $1.02
    •  
  • 18825 N 34th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 3506 E Kerry Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173192
Last Updated: 12/19/2020
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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