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9905 S 6th Place Phoenix, AZ 85042

4 Beds 3 Baths 2,987 sqft Built 2012

$499,999

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $167.39
  • 7 Days on Market
  • MLS # : 6174142
  • Updated Date : 01/09/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,987 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

Nestled in the highly desirable community of Mineral canyon, is this magnificent dream house that is positioned up to South Mountain, the largest municipal park in the country with tons of hiking/biking trails. Truly Arizona living at its finest. As we find ourselves spending more time at home these days this meticulously cared for home with expansive living space throughout is the absolute perfect fit for any sized family. Highly upgraded featuring 2 master suites, 3 car garage, 20'' porcelain tile, surround sound pre-wire, & 10 ft ceilings throughout. Amazing kitchen with HUGE center island, mosaic tile backsplash, granite counters, walk-in pantry, and stainless steel appliances. Excellent for entertaining... this is the place all your friends & family will want to be!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mineral Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $83k450k

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

Neighborhood: Mineral Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8622051

* 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
Maxine O. Bush Elementary School Primary Regular 451 22 2
Maxine O. Bush Elementary School Middle Regular 451 22 2
South Mountain High School High Regular 1,706 102 2

Maxine O. Bush Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

Maxine O. Bush Elementary School

  • Education Level: Middle
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,737
Property Tax -$326
Property Insurance -$85
HOA -$79
Property Management Fees -$99
CASH FLOW
$384

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.

$499,999

PROJECTED PRICE

$2,710

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$66,555

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
  • $2,947

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7753$3,1004$3,500
$3,500
RENT COMPS ANALYSIS
  • 9905 S 6th Place Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1525 W Capistrano Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 3,284 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,284 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $0.85
    •  
  • 1731 W Steinway Drive Phoenix, AZ 3
    • 3 beds 4 baths ∙ 3,284 Sqft ∙ Built 2006 3 beds 4 baths ∙ 3,284 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.94
    •  
  • 1129 E La Mirada Drive Phoenix, AZ 4
    • 5 beds 4 baths ∙ 2,985 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,985 Sqft ∙ Built 2020
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Jack M Merten
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174142
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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