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5118 N 18th Place Phoenix, AZ 85016

3 Beds 2 Baths 1,435 sqft Built 1955

$515,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $358.89
  • 4 Days on Market
  • MLS # : 6192951
  • Updated Date : 02/13/2021 at 22:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 2 full
Listing Agent

The Brokery

Listing Agent's Description

Welcome home to this idyllic mid-century ranch. Nestled in a quiet neighborhood within the coveted Madison Park subdivision, and situated on a lush lot with mature trees and green foliage, this home oozes charm. This prime central location cannot be beat. Just moments away from Camelback Colonnade, Town & Country, and Biltmore Fashion Park, along with easy access to AZ-51 freeway. The interior layout features 3 bedrooms, 2 baths, a spacious living room, and an eat-in kitchen with adjacent formal dining space. The amazing backyard boasts a gated dog run, gazebo, and a poured slab w/ fire pit for a separate seating area. Ample storage, master w/ built-ins, new roof in 2011, new main sewer line 2020 and HVAC in 2014 are just a few of the quality features you'll find at this central city gem.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Madison Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k381k

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

Neighborhood: Madison Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341941

* 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
Madison Rose Lane School Primary Regular 815 43 7
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Rose Lane School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 43
7
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,789
Property Tax -$420
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$393

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.

$515,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,403

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
  • $1,959

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7954$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 5118 N 18th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1425 E Rancho Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1950
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.39
    •  
  • 1929 E Hazelwood Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1957
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.33
    •  
  • 1936 E Rancho Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1952
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.39
    •  
  • 1630 E Georgia Avenue #203 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.35
    •  
PROPERTY LISTING DETAILS
Dallas Peagler
The Brokery
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192951
Last Updated: 02/13/2021
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.

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