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2721 N 10th Street Phoenix, AZ 85006

4 Beds 2 Baths 1,886 sqft Built 1943

$599,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1943
  • Price/Sqft : $317.60
  • 33 Days on Market
  • MLS # : 6169340
  • Updated Date : 01/10/2021 at 01:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Full remodel with addition, 2 car garage, and high end finishes. Everything is brand new in this home including 24x48 ceramic tile flooring, solid wood cabinets, quartz countertops with a double sided waterfall island. Master suite includes over sized shower, free standing tub, double vanity, and huge walk in closet. There are 3 paved outdoor areas as well as grass for entertaining. All new roof, AC, appliances. Brand new 2 car garage. Must see to appreciate all the custom finishes.

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$2,081
Property Tax -$320
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$873

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.

$599,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.28%

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-$15k-$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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

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
  • $2,192

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$2,2504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 2721 N 10th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1943 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1943
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 351 E Thomas Road #d101 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 1355 E Weldon Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1946
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.19
    •  
  • 1221 E Windsor Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1951
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.13
    •  
  • 1436 E Monte Vista Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1950 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1950
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
PROPERTY LISTING DETAILS
Angie Bolognese
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169340
Last Updated: 01/10/2021
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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