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6030 N 10th Way Phoenix, AZ 85014

2 Beds 2 Baths 1,989 sqft Built 1966

$450,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $226.24
  • 13 Days on Market
  • MLS # : 6166396
  • Updated Date : 12/10/2020 at 13:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Charming, central, Mid-Century Modern 2 bedroom, 2 bath patio home filled with character in Kingswood by acclaimed North Central Phoenix homebuilder Staman - Thomas. Classic MCM rooflines and details on the modern exterior with updates on the interior make this a must-have for the Mid-Century enthusiast. New HVAC installed July 2020 w/5yr transferable warranty, fresh interior/exterior paint completed Nov 2020. The recently updated contemporary kitchen makes this home model perfect and move-in ready! Spacious master suite and guest bedroom with ample closet space. The community features a retro-modern pool area with a kiddie pool, playground, and dog park. Located near all the hip 7th St restaurants and SR-51. Enjoy the private paver back patio for morning coffee or a glass of wine.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kingswood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k353k

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

Neighborhood: Kingswood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8621846

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,660
Property Tax -$323
Property Insurance -$66
HOA -$200
Property Management Fees -$99
CASH FLOW
-$539

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.

$450,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$10k-$8.0k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$543

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
  • $1,956

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9504$2,299
$2,299
RENT COMPS ANALYSIS
  • 6030 N 10th Way Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,989 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,989 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6640 N Chatelaine Place Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 5364 N 20th Street Phoenix, AZ 3
    • 2 beds 2 baths ∙ 2,000 Sqft ∙ Built 1966 2 beds 2 baths ∙ 2,000 Sqft ∙ Built 1966
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 140 W Victoria Square Phoenix, AZ 4
    • 2 beds 3 baths ∙ 2,298 Sqft ∙ Built 1973 2 beds 3 baths ∙ 2,298 Sqft ∙ Built 1973
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.00
    •  
PROPERTY LISTING DETAILS
Cari Dandy
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166396
Last Updated: 12/10/2020
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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