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10221 N 8th Street Phoenix, AZ 85020

2 Beds 1 Baths 882 sqft Built 1975

$175,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $198.41
  • 3 Days on Market
  • MLS # : 6170240
  • Updated Date : 12/11/2020 at 13:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 882 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful home tucked next to North Mountain Park. Centrally located near the 17 and 51 freeways, as well as the loop 101 and I10. Spacious great room floor plan with breakfast counter leading to the galley style kitchen with custom backsplash. Private outdoor patio to enjoy the mountain views! Low maintenance living with your HOA managing the front yard landscape, water, sewer, trash, pest control, roof maintenance along with plenty of amenities! AC Unit replaced 8 months ago!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Sierra Madre

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Villa Sierra Madre

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$646
Property Tax -$104
Property Insurance -$44
HOA -$253
Property Management Fees -$99
CASH FLOW
$24

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.

$175,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.2%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$11,815

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
  • $1,175

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3504$1,3505$1,399
$1,399
RENT COMPS ANALYSIS
  • 10221 N 8th Street Phoenix, AZ 1
    • 2 beds 1 baths ∙ 882 Sqft ∙ Built 1975 2 beds 1 baths ∙ 882 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10204 N 8th Place #b Phoenix, AZ 2
    • 2 beds 2 baths ∙ 928 Sqft ∙ Built 1975 2 beds 2 baths ∙ 928 Sqft ∙ Built 1975
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.29
    •  
  • 730 E North Lane #2 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,015 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,015 Sqft ∙ Built 1979
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.33
    •  
  • 821 E North Lane #2 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,015 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,015 Sqft ∙ Built 1979
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.33
    •  
  • 723 E North Lane #2 Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,015 Sqft ∙ Built 1979 2 beds 1 baths ∙ 1,015 Sqft ∙ Built 1979
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.38
    •  
PROPERTY LISTING DETAILS
Phillip Shaver
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170240
Last Updated: 12/11/2020
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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