5812 S 10TH Drive, Phoenix, AZ 85041, Phoenix, 85041 - 4 bed, 3 bath
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Phoenix, AZ 85041
This Income-Producing Residential Asset is listed at $399,900, aligning with its $399,406 Fair Market Value. Boasting a Good Condition Rating, the property features a newer HVAC and water heater, significantly minimizing immediate capital expenditure risks. The primary value lies in the reliable $2,421/month HAP lease secured through late 2026, paired with a minimal $45 HOA fee to maximize net operating income. With 4 bedrooms, 3 baths, and a private patio, this turnkey opportunity offers immediate cash flow in a high-demand Phoenix rental corridor. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5812 S 10TH Drive Subject | $399,900* List Price | 4 | 3 | 1,879 | $213 | - |
A 5811 S 16TH Drive Sold | $378,000 | 4 | 2 | 1,520 | $249 | 0.4 mi |
B 6009 S 15TH Drive Sold | $432,500 | 5 | 3 | 2,349 | $184 | 0.3 mi |
C 6009 S 15TH Drive Sold | $432,500 | 5 | 3 | 2,349 | $184 | 0.3 mi |
D 6009 S 15TH Drive Sold | $432,500 | 5 | 3 | 2,349 | $184 | 0.3 mi |
E 5811 S 16TH Drive Sold | $378,000 | 3 | 2 | 1,520 | $249 | 0.4 mi |
F 4847 S 4TH Avenue Sold | $400,000 | 4 | 3 | 1,801 | $222 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 2006, is approximately 20 years old but qualifies for a 'good' rating due to being move-in ready with significant recent mechanical and cosmetic updates. Key improvements include a newer HVAC system and water heater (approx. 1 year old), along with modern wide-plank flooring and updated interior paint visible in the photos. While not a brand-new construction or a total luxury renovation, the major systems are well within their lifespan and the interior shows minimal wear.
The property generates $2,421/month in reliable income through a HAP lease until late 2026, offering an immediate turnkey investment with above-market returns and consistent cash flow.
With a newer HVAC system and water heater installed approximately one year ago, the property minimizes immediate capital expenditure risks and maintenance concerns for the new owner.
A very low monthly HOA fee of $45 helps preserve profit margins and enhances the overall net operating income, making it a highly efficient investment vehicle.
The long-term lease commitment through December 2026 restricts the property to investors only, effectively excluding traditional owner-occupant buyers for the foreseeable future.
The assigned public schools carry lower ratings (3 and 4 out of 10), which may impact long-term appreciation potential and limit appeal to families prioritizing education.
TENANT OCCUPIED, income-producing investment with immediate cash flow. Rented at $2,421/month through 12/31/2026--above market rents with a HAP lease providing consistent, reliable income. Major updates already completed, including newer HVAC and water heater (approx. 1 year old), Low HOA Long-term tenant in place with strong payment history and desire to stay, minimizing turnover. Turnkey opportunity in a high-demand rental area with no vacancy since placement.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 1,879 | 1,760 | 56% |
| Lot Size | 5,115 | 6,600 | 15% |
| Price | $399.9K | $352.0K | 66% |
| Price per sq ft | $213 | $197 | 59% |
| Built year | 2006 | 2004 | 63% |
| HOA | $45 | $65 | 34% |
| Days on market | 29 | 827 | 0% |
Mar 28, 2026
$399,900
Initial Listing