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4525 N 10th Avenue Phoenix, AZ 85013

3 Beds 2 Baths 1,262 sqft Built 1951

$365,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $289.22
  • 3 Days on Market
  • MLS # : 6175451
  • Updated Date : 01/08/2021 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,262 sqft
  • Baths : 1 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Stylish 3 bedroom, 1.5 bathroom home in the heart of Central Phoenix! You'll be charmed by the beautiful curb appeal starting with the landscaping, mature elm trees, 21 species of edible landscaping (listed below), and side patio with artificial grass and paver patio off the master bedroom. The interior has a foyer with trim molding, plenty of storage space, ceiling fans in the bedrooms, dual pane windows, three French doors, a Nest thermostat, a Ring doorbell, and two Ring security camera floodlights. The industrial style kitchen has concrete floors, a built-in dining bench, maple cabinetry, and stainless appliances. The gorgeous backyard has a swimming pool, workshop, garden area, and irrigation in both the front and back yard... (cont.)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park View Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k283k

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

Neighborhood: Park View Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,268
Property Tax -$192
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$171

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.

$365,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,366

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4404$1,4995$1,500
$1,500
RENT COMPS ANALYSIS
  • 4525 N 10th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.14
    •  
  • 1110 W Turney Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 208 W Glenrosa Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 4537 N 15th Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.15
    •  
  • 1501 W Hazelwood Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Daniel Brown
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175451
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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