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10410 N Cave Creek Road #1121 Phoenix, AZ 85020

3 Beds 2 Baths 1,416 sqft Built 1993

$220,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $155.37
  • 1 Days on Market
  • MLS # : 6170906
  • Updated Date : 12/12/2020 at 22:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Highly sought after gated community of Pointe Resort at Tapatio Clifffs. Great 3 bedroom 2 bath home is waiting for you! Open living room and dining room, open to kitchen! Master suite is split from other 2 bedrooms. Master suite has separate exit to covered patio. All this with community pools and spas, Tennis courts, and Mountain views! Ground floor unit as well! You'll fall in love here! Call today for your private tour!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pointe Resort Condominiums at Tapatio Cliffs

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $73k358k

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

Neighborhood: Pointe Resort Condominiums at Tapatio Cliffs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600170018001900Rent in $6111981

* 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$812
Property Tax -$131
Property Insurance -$55
HOA -$355
Property Management Fees -$99
CASH FLOW
$278

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.

$220,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$39,872

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
  • $1,742

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,6004$1,6505$1,770
$1,770
RENT COMPS ANALYSIS
  • 10410 N Cave Creek Road #1121 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1543 E Cortez Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1975
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 9609 N 13th Street #1 Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,275 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,275 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.25
    •  
  • 9909 N 16th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1979
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.32
    •  
  • 1422 E Cortez Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2007
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.22
    •  
PROPERTY LISTING DETAILS
Susan Meacham
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170906
Last Updated: 12/12/2020
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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