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5721 N 10th Street Phoenix, AZ 85014

3 Beds 2 Baths 1,525 sqft Built 1952

$425,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $278.69
  • 2 Days on Market
  • MLS # : 6193908
  • Updated Date : 02/14/2021 at 02:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,525 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

A rare opportunity to own a highly sought after home designed by iconic builder Ralph Haver! This mid-century modern home in uptown Phoenix has been lovingly cared for in its original design. Vaulted ceilings, exposed beams and clerestory windows through-out are just some of the features found in Haver Homes! The beautiful slate flooring adds to the charm of this gem. It gets better... this home sits on almost a quarter acre irrigated lot with tons of mature landscaping. Located in a great neighborhood in the Madison School District in a perfect central location near all the best restaurants old and new!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marlen Grove

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k465k

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

Neighborhood: Marlen Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342058

* 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
Madison Rose Lane School Primary Regular 815 43 7
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Rose Lane School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 43
7
GreatSchools Rating

North High School

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

Phoenix Coding Academy

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,476
Property Tax -$358
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$370

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.

$425,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 13.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6204$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 5721 N 10th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.06
    •  
  • 933 E Missouri Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1951
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 6609 N 10th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 5634 N 6th Street #1 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1949
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
  • 1539 E San Miguel Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
PROPERTY LISTING DETAILS
Anne Brown
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193908
Last Updated: 02/14/2021
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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