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20840 N 10th Street Phoenix, AZ 85024

4 Beds 3 Baths 2,178 sqft Built 1998

$415,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $190.54
  • 3 Days on Market
  • MLS # : 6178290
  • Updated Date : 01/08/2021 at 18:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 3 full
Listing Agent

Sold Investments Llc

Listing Agent's Description

Gorgeous upgraded North Phoenix 4 bedroom 3 bath home with 2 car garage. Home offers remodeled bathrooms, upgraded kitchen with all appliances included granite counters, upgraded Espresso self closing cabinets and large island. Newer Plank flooring down stairs and carpet in all the right places. Downstairs bedroom and bathroom that is also handicap accessible. Upstairs offers 3 bedrooms, 2 bathrooms with a large loft, laundry and oversized master bedroom with Large master walk in closets. Home has Low E windows and an owned Solar system and panels. Back yard has synthetic grass with and over sized patio and concrete. Offers a Childs playground that will stay. 10k Jacuzzi will stay with a full net offer. Home is close to the 101, schools, shopping, parks, trails and more. A true must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arroyo Rojo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Arroyo Rojo

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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,441
Property Tax -$248
Property Insurance -$70
HOA -$39
Property Management Fees -$99
CASH FLOW
$182

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.

$415,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$39,984

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,167

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$2,0503$2,0804$2,2955$2,600
$2,600
RENT COMPS ANALYSIS
  • 20840 N 10th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.96
    •  
  • 20829 N 1st Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1994
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.94
    •  
  • 1127 E Mohawk Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1999
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 20826 N 7th Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
  • 21020 N 16th Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
PROPERTY LISTING DETAILS
Chad M Keith
Sold Investments Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178290
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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