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10015 N 14th Street #5 Phoenix, AZ 85020

2 Beds 2 Baths 968 sqft Built 1982

$118,500

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $122.42
  • 6 Days on Market
  • MLS # : 6171515
  • Updated Date : 12/18/2020 at 12:47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 968 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful Cozy Townhouse, End Unit Next to Pool! Its like having your own pool.. 2 Bedroom, 1.5 Bath, Covered Parking Space right outside your door. Back Yard,Patio Area, Wood Burning Fireplace, Community Pool, Quiet Nice complex, Large Ceramic Tile on first Floor, New Carpeting on stairs and upstairs.bedrooms. Come and make this your new home. Enjoy the peaceful wood burning fireplace in the winter and enjoy the pool when you want to cool off in the summer. When you want some fresh air enjoy your patio in this quiet private quaint complex. ac UNIT IS 8 YEARS OLD approx AND ROOF IS 3-4 YEARS OLD APROX

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Sunnyslope Elementary School Primary Regular 832 41 3
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$106,650$130,350$118,500

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$437
Property Tax -$71
Property Insurance -$46
HOA -$247
Property Management Fees -$99
CASH FLOW
$250

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.

$118,500

PROJECTED PRICE

$1,150

PROJECTED RENT

0.97%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$37,153

INVESTMENT

$37,153

Down Payment
$29,625
Rehab Estimate
$5,750
Closing Costs
$1,778

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$437

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $29,625
Loan Amount $88,875
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$30,576

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
  • $1,159

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0003$1,2004$1,2005$1,275
$1,275
RENT COMPS ANALYSIS
  • 10015 N 14th Street #5 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 968 Sqft ∙ Built 1982 2 beds 2 baths ∙ 968 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9621 N 16th Street #4 Phoenix, AZ 2
    • 2 beds 1 baths ∙ 822 Sqft ∙ Built 1985 2 beds 1 baths ∙ 822 Sqft ∙ Built 1985
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.22
    •  
  • 10410 N Cave Creek Road #1232 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,038 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,038 Sqft ∙ Built 1986
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.16
    •  
  • 10410 N Cave Creek Road N #1228 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,038 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,038 Sqft ∙ Built 1986
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.16
    •  
  • 1448 E Cinnabar Avenue #g Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,020 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,020 Sqft ∙ Built 1980
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.25
    •  
PROPERTY LISTING DETAILS
Barry Zweig
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171515
Last Updated: 12/18/2020
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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