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9010 S 16th Street 
Phoenix, AZ
85042
3 Beds 2 Baths 1,813 sqft
Built 1947
INVESTimate
$324,900
List Price
$91,849
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PROPERTY INFO
FACTS
- Built In 1947
- Price/Sqft : $179.21
- 1 Days on Market
- MLS # : 6118659
- Updated Date : 08/25/2020 at 19:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,813 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
HGTV contemporary home,Exquisitely remodeled LIKE NEW,Private 1/3rd acre lot Black/gray granite in bathrooms,White marble kitchen counters - Decorative tile backsplash, Brand new septic Attached workshop Move in ready ** No HOA ** Fast appreciating community
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PRICE & RENT TRENDS
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$211 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$31
|
||
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.
$324,900
PROJECTED PRICE
$1,540
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.87% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,849
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
5.25
YEARS SAVED
$20,531
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
-
$1,759
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
9010 S 16th Street Phoenix, 1
- 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1947
- Rent
- Rent Per SQFT
- $0
- $0.00
-
346 E La Mirada Drive Phoenix, 2
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1961
LEASED 04/28/19- Rent
- Rent Per SQFT
- $1,495
- $0.95
-
1101 E Beautiful Lane Phoenix, 3
- 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1962
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6118659
Last Updated: 08/25/2020
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.
