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2602 N 10th Street Phoenix, AZ 85006

4 Beds 2 Baths 1,819 sqft Built 1941

$555,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $305.11
  • 5 Days on Market
  • MLS # : 6159201
  • Updated Date : 11/13/2020 at 14:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,819 sqft
  • Baths : 1 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome Home! This rare 4 bedroom home in the Country Club Park Historic District is in a class by itself! Beautifully upgraded throughout! The clean, crisp kitchen is an entertainer's dream. LED cabinet lighting, walk-in pantry, amazing tile back splash, new stainless steel appliances and more make this the heart of the home! This home is a thoughtfully designed space with a luxurious master retreat complete with french doors that lead to a private patio, and a relaxing hot tub! Three other bedrooms can be used for a home office or guest bedrooms. Pride of ownership is seen in every space, the entire house has been re plumbed with copper piping, upgraded bathrooms, and best of all, a brand new York AC/Heat Pump was installed in 2020 that comes with a 10 year warranty.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Club Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k341k

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

Neighborhood: Country Club Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8751567

* 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
Emerson School Primary Regular 430 29 3
Emerson School Middle Regular 430 29 3
North High School High Regular 2,616 128 5

Emerson School

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 29
3
GreatSchools Rating

Emerson School

  • Education Level: Middle
  • # of students: 430
  • # of teachers: 29
3
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$499,500$610,500$555,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$2,048
Property Tax -$296
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$756

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.

$555,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$152,825

INVESTMENT

$152,825

Down Payment
$138,750
Rehab Estimate
$5,750
Closing Costs
$8,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,048

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $138,750
Loan Amount $416,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$370

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
  • $1,987

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7954$1,9505$2,350
$2,350
RENT COMPS ANALYSIS
  • 2602 N 10th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 1941 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 70 E Ashland Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1940
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 351 E Thomas Road #d101 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 2210 N Dayton Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1930
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 1221 E Windsor Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1951
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.13
    •  
PROPERTY LISTING DETAILS
Kelly Fawcett
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159201
Last Updated: 11/13/2020
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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