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5606 N 10th Avenue Phoenix, AZ 85013

2 Beds 3 Baths 1,782 sqft Built 1950

$365,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $204.83
  • 2 Days on Market
  • MLS # : 6182281
  • Updated Date : 01/30/2021 at 22:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,782 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming 2 bdrm + den & can easily be turned back to 3 bdrm. Spacious master suite w/sitting rm, walk-in-closet, it's own water heater, sep shower & jacuzzi tub was added in 2003. Kitchen was updated in 2003. Cabinets w/pullouts, lazy susan, pantry w/pullout drawers, gas range (2020), newer dishwasher & micro. Roof replaced in 2011. Water line from street is copper. More updates in Documents tab. Xeriscape yard will save you tons on your water bill! Huge lot provides lots of opportunities. This red brick charmer sits in an established area close to restaurants, fun shops and other retail along 7th Ave & Missouri. A little over a mile to the light rail. Per sellers: this house sits on the border of Madison School District giving you another option. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Handell Villa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Handell Villa

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
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,268
Property Tax -$233
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$158

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.

$365,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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

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

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 40% 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

7.58

YEARS SAVED

$35,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,8004$1,820
$1,820
RENT COMPS ANALYSIS
  • 5606 N 10th Avenue Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,782 Sqft ∙ Built 1950 2 beds 3 baths ∙ 1,782 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.02
    •  
  • 6115 N 12th Street #1 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,538 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,538 Sqft ∙ Built 1964
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 501 W Maryland Avenue N #1 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1958 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1958
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
  • 6640 N Chatelaine Place Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Linda B Martin
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182281
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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