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38716 N 10th Street Phoenix, AZ 85086

4 Beds 3 Baths 3,135 sqft Built 2007

$675,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $215.31
  • 7 Days on Market
  • MLS # : 6168719
  • Updated Date : 12/11/2020 at 09:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,135 sqft
  • Baths : 3 full
Listing Agent

Realty Executives Arizona Territory

Listing Agent's Description

Incredible custom home available on over an acre of horse property in north Phoenix. Live the life of your dreams, surrounded by wide open spaces and breathtaking mountain views, all within easy reach of metropolitan conveniences. Must see interior features over 3100 sq ft of living space, 4 bedrooms, 3 bathrooms, an office/den, formal dining, a spacious greatroom and tasteful finishes from wall to wall. Soaring ceilings, custom paint tones, built in shelving, large picture windows and beautiful travertine tile and wood look flooring in all of the right places. Chefs kitchen with granite counters, stylish custom cabinetry, and an island. Majestic master with elegant spa inspired ensuite. 3 car garage, horse facilities and room for all of your toys. See it and make it yours!! 520-975-5277

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bascom Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k449k

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

Neighborhood: Bascom Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342775

* 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
Desert Mountain School Primary Regular 695 42 7
Desert Mountain School Middle Regular 695 42 7
Boulder Creek High School High Regular 2,639 105 6

Desert Mountain School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Desert Mountain School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,490
Property Tax -$526
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$574

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.

$675,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,245

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
  • $2,748

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,8954$3,300
$3,300
RENT COMPS ANALYSIS
  • 38716 N 10th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 40511 N Hawk Ridge Trail Phoenix, AZ 2
    • 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.60
    •  
  • 38241 N 3rd Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,342 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,342 Sqft ∙ Built 1996
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.87
    •  
  • 1412 E Chickasaw Court Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
PROPERTY LISTING DETAILS
Clay Beauchamp
Realty Executives Arizona Territory
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168719
Last Updated: 12/11/2020
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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