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10410 N Cave Creek Road #2076 Phoenix, AZ 85020

2 Beds 2 Baths 1,082 sqft Built 1993

$249,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $230.13
  • 1 Days on Market
  • MLS # : 6210203
  • Updated Date : 03/21/2021 at 00:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,082 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Condos at Pointe Tapatio feature three swimming pools and spa., biking/walking paths. Condo has High-end upgrades including real wood floors, new cabinets throughout, beautiful grey, yellow, and beige paint colors,. Family room has wood burning fireplace with new tile deco and Hunter Dougles 18'' wide fabric door coverings. Kitchen has Granite counter tops, large single sink, crown moldings, pull-out shelves in most cabinets. Laundry room includes front-load washer and dryer and cabinets. Master bedroom has two sinks with quartz counter tops and designed closet with lots of shelves and cubbies. 2nd bath has quartz countertops.

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 High School High Regular 2,064 88 6

Sunnyslope High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$865
Property Tax -$149
Property Insurance -$48
HOA -$283
Property Management Fees -$99
CASH FLOW
-$234

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.

$249,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.49%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$527

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
  • $1,212

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0453$1,2004$1,2005$1,425
$1,425
RENT COMPS ANALYSIS
  • 10410 N Cave Creek Road #2076 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,082 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,082 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10410 N Cave Creek Road #1088 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,082 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,082 Sqft ∙ Built 1994
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $0.97
    •  
  • 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
    property image
    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
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.16
    •  
  • 1164 E Cheryl Drive Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.19
    •  
PROPERTY LISTING DETAILS
Deborah Kay Mitchell
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210203
Last Updated: 03/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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