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10251 N Central Avenue Phoenix, AZ 85020

3 Beds 2 Baths 2,364 sqft Built 1994

$733,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $310.07
  • 45 Days on Market
  • MLS # : 6157438
  • Updated Date : 12/16/2020 at 12:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,364 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Exquisite, soft contemporary custom masterpiece with 180 degree unobstructed views of North Mountain, South Mountain & Phoenix city lights. Exclusivity, elegance & sophistication best describe the lifestyle offered in the Mount Central Place Community. The dramatic ''tunnel'' entrance instantaneously exhilarates your heart rate as you drive up the mountain and enter this prestigious Community of architecturally diverse custom homes in the Phoenix Mountain Preserve. The Architect designed this home with fantastic views, glass angled smartly to reduce direct sun and accentuate the incredible views. Extensive remodel in 2018 created a private sanctuary to enjoy in solitude or entertain lavishly. Modern finishes, clean lines magnify the existing beauty of the endless views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunnyslope

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Sunnyslope

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$659,700$806,300$733,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,704
Property Tax -$437
Property Insurance -$73
HOA -$39
Property Management Fees -$99
CASH FLOW
-$1,013

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.

$733,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,995

INVESTMENT

$199,995

Down Payment
$183,250
Rehab Estimate
$5,750
Closing Costs
$10,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,250
Loan Amount $549,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$2,0004$2,2995$2,340
$2,340
RENT COMPS ANALYSIS
  • 10251 N Central Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,364 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,364 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.99
    •  
  • 10859 N 11th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1993
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 1502 E Dunlap Avenue #13 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
  • 10641 N 11th Street Phoenix, AZ 3
    • 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
    •  
  • 1040 E Shangri La Road Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1991
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.02
    •  
PROPERTY LISTING DETAILS
Geoffrey Nowlin
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157438
Last Updated: 12/16/2020
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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