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9043 N 10th Street Phoenix, AZ 85020

5 Beds 3 Baths 1,518 sqft Built 1963

$350,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $230.57
  • 4 Days on Market
  • MLS # : 6188963
  • Updated Date : 02/11/2021 at 08:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,518 sqft
  • Baths : 3 full
Listing Agent

Fsr Realty

Listing Agent's Description

Super Rare Property! Main home and Guest home! Yes, 3 bedroom 2 bath house in the front and a 2 bedroom 1 bath guest house with a full kitchen and laundry. So many possibilities, rent one, rent both, or perfect for extended families. Great central Phoenix location too. Property has been recently updated, so ready fro you to move in or rent out and start cash flowing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Annacortes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Annacortes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6861567

* 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
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,216
Property Tax -$209
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$240

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.

$350,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,6003$2,0004$2,400
$2,400
RENT COMPS ANALYSIS
  • 9043 N 10th Street Phoenix, AZ 1
    • 5 beds 3 baths ∙ 1,518 Sqft ∙ Built 1963 5 beds 3 baths ∙ 1,518 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.88
    •  
  • 334 W Butler Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 1958
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 1233 E Mission Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1955
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 537 E Hayward Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1950
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.40
    •  
PROPERTY LISTING DETAILS
Richard De Luca
Fsr Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188963
Last Updated: 02/11/2021
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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