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27612 N 18th Avenue Phoenix, AZ 85085

3 Beds 2 Baths 1,783 sqft Built 2007

$419,500

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $235.28
  • 5 Days on Market
  • MLS # : 6157744
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,783 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Cute COMPLETE package!! Recently painted exterior spotless single story located in the HIGHLY sought after master planned community of Fireside at Norterra. The spacious kitchen boasts granite counters, wood cabinetry and stainless steel appliances. Dining in the open great room. Master has access to the backyard pool and ensuite bath with double sink vanity, wooden cabinetry, garden tub, walk-in shower and private toilet room. Bonus den could used as an office or play area. Out back you will find a sparkling pool w/ 3 water features and a large covered patio. Don't miss the Fireside amenities including state of the art community center w/ full gym, media room, rock climbing wall, heated lap pool, hot tub, tennis courts, parks & is just steps from hiking/biking trails. Welcome Home!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Norterra Canyon School Primary Regular 1,164 59 8
Norterra Canyon School Middle Regular 1,164 59 8
Barry Goldwater High School High Regular 1,856 88 4

Norterra Canyon School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Norterra Canyon School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Barry Goldwater High School

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

$377,550$461,450$419,500

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,548
Property Tax -$251
Property Insurance -$62
HOA -$43
Property Management Fees -$99
CASH FLOW
-$263

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.

$419,500

PROJECTED PRICE

$1,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,918

INVESTMENT

$116,918

Down Payment
$104,875
Rehab Estimate
$5,750
Closing Costs
$6,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,548

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,875
Loan Amount $314,625
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8003$1,8504$1,8755$1,995
$1,995
RENT COMPS ANALYSIS
  • 27612 N 18th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.98
    •  
  • 2431 W Via Dona Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 1925 W Black Hill Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2010
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 1622 W Big Oak Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.05
    •  
  • 27913 N 23 Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
PROPERTY LISTING DETAILS
Ryan Schroeder
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157744
Last Updated: 11/13/2020
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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