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1429 S 10th Avenue Phoenix, AZ 85007

2 Beds 1 Baths 1,028 sqft Built 1941

$219,995

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1941
  • Price/Sqft : $214.00
  • 2 Days on Market
  • MLS # : 6157713
  • Updated Date : 11/07/2020 at 19:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,028 sqft
  • Baths : 1 full
Listing Agent

Pivotal Real Estate Solutions, Llc

Listing Agent's Description

This home is light bright and ready for move in! Fenced in front & back yards. Can close quick! Close to freeway access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5881567

* 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
Bethune School Primary Regular 480 25 3
Bethune School Middle Regular 480 25 3
Central High School High Regular 2,251 136 3

Bethune School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Bethune School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$197,996$241,995$219,995

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$812
Property Tax -$117
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$125

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.

$219,995

PROJECTED PRICE

$950

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.7%
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$200k$400k$600k$800k

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,049

INVESTMENT

$64,049

Down Payment
$54,999
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $54,999
Loan Amount $164,996
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,390

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
  • $1,072

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$8504$8755$1,000
$1,000
RENT COMPS ANALYSIS
  • 1429 S 10th Avenue Phoenix, AZ 1
    • 2 beds 1 baths ∙ 1,028 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,028 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 313 N 18th Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 750 Sqft ∙ Built 1926 2 beds 1 baths ∙ 750 Sqft ∙ Built 1926
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $1.07
    •  
  • 818 S 1st Avenue Phoenix, AZ 3
    • 2 beds 1 baths ∙ 905 Sqft ∙ Built 1936 2 beds 1 baths ∙ 905 Sqft ∙ Built 1936
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.94
    •  
  • 513 W Pima Street #2 Phoenix, AZ 4
    • 2 beds 1 baths ∙ 768 Sqft ∙ Built 1946 2 beds 1 baths ∙ 768 Sqft ∙ Built 1946
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $1.14
    •  
  • 1022 S Montezuma Street #1 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 980 Sqft ∙ Built 1942 2 beds 2 baths ∙ 980 Sqft ∙ Built 1942
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Byron Applegate
Pivotal Real Estate Solutions, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157713
Last Updated: 11/07/2020
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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