Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10849 S Shoshoni Drive Phoenix, AZ 85044

2 Beds 2 Baths 1,480 sqft Built 1981

$374,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $253.31
  • 1 Days on Market
  • MLS # : 6263675
  • Updated Date : 07/13/2021 at 07:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This lovely, updated home with a southwestern flair is located in a quiet, adult community. The detached, single-family home features an open-concept living area, spacious rooms and custom Saltillo terracotta tile flooring throughout with newer carpeting in the bedrooms. Kitchen has been updated with white cabinets and beautiful granite countertops, breakfast bar, Farmer's sink, skylight, recessed lighting and newer appliances. Relax in the large living room with plenty of light or spend time in the dining/family room with brick fireplace and access to the very spacious Arizona room, which has been updated with porcelain tile, vinyl windows and split-system air conditioning/heat to enjoy all year round, while allowing for extra square footage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,302
Property Tax -$267
Property Insurance -$56
HOA -$6
Property Management Fees -$99
CASH FLOW
-$300

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.

$374,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,656

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
  • $1,547

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,5504$1,6005$1,895
$1,895
RENT COMPS ANALYSIS
  • 10849 S Shoshoni Drive Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4740 E Ahwatukee Drive Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 11444 S Maze Court Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,439 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,439 Sqft ∙ Built 1977
    property image
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 11623 S Jokake Street Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 5041 E Mesquite Wood Court Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1973
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
PROPERTY LISTING DETAILS
Pamela Lafazanis
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263675
Last Updated: 07/13/2021
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.

BESbswy