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8102 S 18th Place Phoenix, AZ 85042

3 Beds 2 Baths 2,480 sqft Built 2004

$399,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $161.25
  • 3 Days on Market
  • MLS # : 6156846
  • Updated Date : 11/07/2020 at 10:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,480 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This one of a kind 3 bed, 2 bath + office home with resort style backyard & attached casita with water hook-up, it's own A/C unit & private entry is nestled on a premium corner lot & it can be yours! The home features: 1 NEWER A/C (2016), Hot water heater (2016), Carpets (2017), int/ext paint (2015), Classy Closet (2015), LED lights t/o & much more! The kitchen boasts: Bosch Dishwasher, Jenn-Air Stove, Microwave & 4-burner gas stove, granite island & elegant cabinetry. The master suite has a separate shower & Tub, walk in closet & private toilet room & it has a private access to the backyard which boasts: covered patio, side garden. refreshing pool where you can sit back & enjoy the incredible mountain views. The extended depth garage features cabinets & a sink! Watch our 3D Virtual Tour!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highline Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k368k

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

Neighborhood: Highline Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Cloves C. Campbell Sr. Elementary School Primary Regular 577 28 5
Cloves C. Campbell Sr. Elementary School Middle Regular 577 28 5
South Mountain High School High Regular 1,706 102 2

Cloves C. Campbell Sr. Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

Cloves C. Campbell Sr. Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

South Mountain High School

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,475
Property Tax -$260
Property Insurance -$76
HOA -$100
Property Management Fees -$99
CASH FLOW
-$60

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.

$399,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.1%
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$0.0$5.0k$10k$15k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,1004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 8102 S 18th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 1812 E Beverly Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2003
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 2111 E Valencia Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 2041 E Fawn Drive #0 Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 2319 E Harwell Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2019
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
David Arustamian
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156846
Last Updated: 11/07/2020
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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