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9633 N 18th Street Phoenix, AZ 85020

3 Beds 2 Baths 2,205 sqft Built 1997

$610,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $276.64
  • 2 Days on Market
  • MLS # : 6157731
  • Updated Date : 11/07/2020 at 13:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,205 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

This home boasts of Awesome City Lights & Mountain Views! Spectacular home nestled in the much sought-after Ocotillo Hills hillside neighborhood. Beautiful views from every window in this home. Balcony off master bedroom in the front and Veranda with attached deck in the back provides a relaxing setting for you to enjoy. New interior, exterior paint and carpeting. This upscale classic home was built to last and is sure to be a fantastic place for entertaining with its design and unique Sonoran Desert ambiance. Oversized 2 car garage with unfinished basement (if finished could be home office or additional living area), 10 stairs to sitting room, 6 stairs to main living area . 15 miles to Sky Harbor International Airport. Centrally located providing easy access to nearby SR-51.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Ocotillo Hills

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
Mercury Mine Elementary School Primary Regular 546 27 8
Mercury Mine Elementary School Middle Regular 546 27 8
Shadow Mountain High School High Regular 1,390 67 3

Mercury Mine Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Mercury Mine Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,251
Property Tax -$399
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$88

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.

$610,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$34,444

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
  • $2,464

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1004$2,1505$2,800
$2,800
RENT COMPS ANALYSIS
  • 9633 N 18th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,205 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,205 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10641 N 11th Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 1982
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 8428 N 16th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1978
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 921 E Becker Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1981
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.12
    •  
  • 8423 N 16th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1977
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.28
    •  
PROPERTY LISTING DETAILS
Monica Madden
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157731
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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