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16410 N 9th Place Phoenix, AZ 85022

4 Beds 2 Baths 1,734 sqft Built 1984

$399,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $230.62
  • 5 Days on Market
  • MLS # : 6155856
  • Updated Date : 11/04/2020 at 11:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

COVID-19 precautions must be observed and respected. Rare find in this established Moon Valley area location. Lovingly cared for by the owners for 20 years, the home has a newer (2015) roof and HVAC unit. Large wrap-around covered patio on the side and rear of home. Large grassy back and side yards on the west and RV gate and large gravel side yard with shed on the east. Home has four large bedrooms and two baths with a huge master bedroom with two large closets. Quartz counters in the kitchen, all appliances stay, and a large dining room, living room and family room are all connected in a circular layout. Plenty of storage in garage with built-in cabinets as well as built-in tool cabinet on side patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greentrails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Greentrails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,475
Property Tax -$252
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$407

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.

$399,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,205

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
  • $1,556

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4254$1,6755$1,675
$1,675
RENT COMPS ANALYSIS
  • 16410 N 9th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 815 E Grovers Avenue #27 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1984
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 815 E Grovers Avenue #18 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1984
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.92
    •  
  • 1253 E Helena Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1334 E Helena Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cate Campbell
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155856
Last Updated: 11/04/2020
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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