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7025 S 18th Street Phoenix, AZ 85042

2 Beds 2 Baths 900 sqft Built 1989

$254,900

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $283.22
  • 3 Days on Market
  • MLS # : 6199577
  • Updated Date : 02/26/2021 at 15:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 900 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome home to this bright and airy cozy 2 bedroom 2 FULL bathroom home! The home appears much larger than the stated square footage with an open concept great room with vaulted ceilings and an incorporated kitchen and dining area. The home has large windows with an abundance of natural lighting. The home has been updated and remodeled, including a brand new roof, new interior and exterior paint, new garage door, new wood-like tile flooring throughout and new carpet in bedrooms, many new light fixtures, ceiling fans, faucets, newer water heater, refurbished cabinetry and countertops, and more! You will be amazed at the size of the backyard providing lots of opportunities for your Arizona outdoor oasis! Make this charming home yours today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$229,410$280,390$254,900

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$885
Property Tax -$166
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$125

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.

$254,900

PROJECTED PRICE

$1,070

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,094

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,070
1$1,0702$1,1493$1,1954$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 7025 S 18th Street Phoenix, AZ 1
    • 2 beds 2 baths ∙ 900 Sqft ∙ Built 1989 2 beds 2 baths ∙ 900 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $1.19
    •  
  • 2444 E Francisco Drive Phoenix, AZ 2
    • 2 beds 2 baths ∙ 972 Sqft ∙ Built 1972 2 beds 2 baths ∙ 972 Sqft ∙ Built 1972
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $1.18
    •  
  • 2229 E Huntington Drive Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.19
    •  
  • 5716 S 21st Terrace Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,079 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,079 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.20
    •  
  • 2363 E Huntington Drive Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.29
    •  
PROPERTY LISTING DETAILS
Francisco Avila, Jr
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199577
Last Updated: 02/26/2021
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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