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9813 N 10th Street Phoenix, AZ 85020

3 Beds 2 Baths 1,257 sqft Built 1962

$300,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $238.66
  • 4 Days on Market
  • MLS # : 6156832
  • Updated Date : 11/05/2020 at 17:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,257 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Great move-in ready, remodeled home in Phoenix! New interior & exterior paint. All new light fixtures. New kitchen cabinets, new quartz countertops, and comes with stainless steel kitchen appliances! Sparkling bathrooms with new vanities and dual flush toilets. Master bathroom has custom tile shower. Gas water heater. RV gate & covered patio with extra storage; no HOA! Come see this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alan Parkway

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Alan Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8841567

* 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 Elementary School Primary Regular 832 41 3
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,107
Property Tax -$179
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$107

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.

$300,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,237

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
  • $1,471

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,2954$1,4005$1,529
$1,529
RENT COMPS ANALYSIS
  • 9813 N 10th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1328 E Christy Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1961
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.16
    •  
  • 1452 E Cinnabar Avenue #208 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1980
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.08
    •  
  • 9037 N 14th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1972
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 1173 E Cochise Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,529
    • $1.28
    •  
PROPERTY LISTING DETAILS
Elmon Krupnik
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156832
Last Updated: 11/05/2020
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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