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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $239.91
- 17 Days on Market
- MLS # : 6187382
- Updated Date : 02/11/2021 at 23:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,709 sqft
- Baths : 2 full
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Very charming & move in ready 3Bd, 2Ba single story home minutes to I-10 fwy, Kiwanis Rec/Park, schools & much more. Spacious & open, neutral paint tones & soft natural lighting throughout. This home features High vaulted ceilings, seperate formal living/dining room & family room. Open eat-in kitchen w/White Cabinetry, Quartz Counters, kitchen Island w/ breakfast bar seating, comes with all kitchen appliances. Master bedroom includes walk-in closet & private en-suite bathroom w/dual vanity & seperate tub/shower. Low maintenance backyard offers two covered patios, mature fruit trees & plenty of room to entertain. Don't miss this incredible home!
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PRICE & RENT TRENDS
Neighborhood: Mills - Emerald
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mills - Emerald
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$296 | |
| Property Insurance | -$61 | |
| HOA | -$20 | |
| 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 14% of earned rent to cover both maintenance and periods of vacancy.
$410,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
2.5
YEARS SAVED
$7,805
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,876
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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1010 W Woodman Drive Tempe, AZ 2
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- Rent Per SQFT
- $1,660
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1026 W Libra Drive Tempe, AZ 1
- 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1995
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,600
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510 W Julie Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,750
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-
1027 W Paseo Way Tempe, AZ 4
- 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1994
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,979
- $1.16
-
6601 S Mckemy Street Tempe, AZ 5
- 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1983
LEASED 09/02/20- Rent
- Rent Per SQFT
- $2,000
- $1.04
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187382
Last Updated: 02/11/2021
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.
