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1019 S Una Avenue Tempe, AZ 85281

3 Beds 2 Baths 1,559 sqft Built 1950

$344,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $220.65
  • 2 Days on Market
  • MLS # : 6181266
  • Updated Date : 01/16/2021 at 03:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,559 sqft
  • Baths : 2 full
Listing Agent

Launch Real Estate

Listing Agent's Description

RARE FIND! Location, Location, Location! INVESTMENT OPPORTUNITY in the Borden Historic District just 1/2 mile from the ASU CAMPUS! This SINGLE FAMILY HOME features 3 Bedroom, 2 Baths, Bonus Room, Eat-In Kitchen, Inside Laundry Room, Large Backyard, Carport and Storage Room for Bikes. Easy walk to light rail, bus and parks. ASU, Tempe Marketplace, Mesa Riverwalk, Mill Ave, all in close proximity. Tenant has moved out and we are ready for you.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: University Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: University Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6711703

* 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
Laird School Primary Regular 433 29 2
Laird School Middle Regular 433 29 2
Mcclintock High School High Regular 1,771 81 6

Laird School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 29
2
GreatSchools Rating

Laird School

  • Education Level: Middle
  • # of students: 433
  • # of teachers: 29
2
GreatSchools Rating

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$309,600$378,400$344,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,195
Property Tax -$227
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$122

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.

$344,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$96,910

INVESTMENT

$96,910

Down Payment
$86,000
Rehab Estimate
$5,750
Closing Costs
$5,160

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,000
Loan Amount $258,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,8004$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 1019 S Una Avenue Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.09
    •  
  • 2025 E Don Carlos Avenue Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1956
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.16
    •  
  • 1830 E Don Carlos Avenue Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1955
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.15
    •  
  • 1315 E Broadmor Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1969
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.21
    •  
  • 1425 S Bonarden Lane Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1962
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Connie M Colla
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181266
Last Updated: 01/16/2021
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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