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5726 N 10th Street #10 # 10 Phoenix, AZ 85014

3 Beds 3 Baths 1,742 sqft Built 1980

INVESTimate

$349,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$379,537  ( +8.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $200.34
  • 8 Days on Market
  • MLS # : 6119676
  • Updated Date : 08/25/2020 at 17:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Designed to delight! Beautiful, completely remodeled townhouse ready to welcome you HOME! This classic, spacious 3 bedroom, 2.5 bath has been completely updated in 2020 with a keen eye for razor sharp precision! Old world charm meets a modern chic! Original, natural stone fireplace in the vaulted living area (16-ft tall beam/board ceilings, restored inch x inch, in pristine condition.) The kitchen features brand new white cabinets, (not painted over) with brushed nickel hardware, new Quartz counters, Stainless sink/goose-neck faucet and quality appliances. Brand new lighting in every room, fresh, ashin/white color paint scheme, all new flooring, laid with precision, re-built multi-functional closets, abundant natural light & many modern touches. All bathrooms are completely refinished

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Redondo Apartments

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: El Redondo Apartments

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621610

* 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 1 Middle School Primary Regular 923 50 7
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison 1 Middle School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,288
Property Tax -$251
Property Insurance -$61
HOA -$300
Property Management Fees -$99
CASH FLOW
-$299

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.

$349,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.75%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8804$2,0305$2,200
$2,200
RENT COMPS ANALYSIS
  • 5726 N 10th Street #10 Phoenix, 1
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 6115 N 13th Street Phoenix, 2
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1975
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 1530 E Maryland Avenue #17 Phoenix, 3
    • 3 beds 3 baths ∙ 1,763 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,763 Sqft ∙ Built 1984
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.07
    •  
  • 5750 N 10th Street #16 Phoenix, 4
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1984
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.23
    •  
  • 6125 N Central Avenue #11 Phoenix, 5
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kurt Boyd
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119676
Last Updated: 08/25/2020
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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