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8125 N 10th Place Phoenix, AZ 85020

4 Beds 4 Baths 2,268 sqft Built 1957

$625,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $275.57
  • 3 Days on Market
  • MLS # : 6154888
  • Updated Date : 11/02/2020 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,268 sqft
  • Baths : 3 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Sitting on an impressive, 16,658 sq ft lot, this classic ranch style home offers just about everything you could ever want in a North Central Phoenix property. Extensively remodeled throughout with 4 bedrooms plus a detached office/gym with it's own HVAC, large Tuff Shed for storage, detached 2 car garage/workshop with it's own HVAC, insulation, bathroom & kitchenette, pebble tec pool & spa, huge covered patio in backyard & incredible mountain views to the North and East! Master suite split from the other bedrooms with double sinks, walk-in shower & walk-in closet. The kitchen was fully remodeled in 2017 with acacia wood floors, American Woodmark custom cabinets & granite countertops. New HVAC & water heater in 2020. Located in the highly sought after Sunnyslope High School District!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Nueva Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Nueva Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8331567

* 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
Desert View Elementary School Primary Regular 454 29 3
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$2,306
Property Tax -$373
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$569

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.

$625,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,119

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
  • $2,313

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8753$1,9004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8125 N 10th Place Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,268 Sqft ∙ Built 1957 4 beds 4 baths ∙ 2,268 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 806 E El Caminito Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
  • 1220 E Seldon Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1975
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 8422 N 16th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1974
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
  • 626 E Vista Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1960
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Stephen T Caniglia
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154888
Last Updated: 11/02/2020
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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