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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $228.92
- 2 Days on Market
- MLS # : 6194022
- Updated Date : 02/13/2021 at 13:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,621 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Excalibur
Listing Agent's Description
On a quiet street in the nexus of south Tempe your new home awaits. Bright and open with lots of natural light coming from the beautiful and calming atrium in the center of your home. Open layout with neutral colors. Entertain friends and family on the large patio while kids play in the pool and others relax in the other seating areas. Your large master shares a two way fireplace with the master bath. Walk to dining, Sprouts and even the pharmacy. Click on the 3D Walkthrough under virtual tour section to walk through every inch of the home from your computer or mobile device.
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PRICE & RENT TRENDS
Neighborhood: Carver Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carver Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$434 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$396
|
||
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.
$600,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
2
YEARS SAVED
$7,809
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,333
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1024 E Vinedo Lane Tempe, AZ 1
- 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1857 E Chilton Drive Tempe, AZ 2
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1994
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,995
- $0.86
-
6755 S Poplar Street Tempe, AZ 3
- 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1974 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1974
LEASED 08/20/19- Rent
- Rent Per SQFT
- $2,100
- $0.91
-
8342 S Mill Avenue Tempe, AZ 4
- 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1990
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,300
- $0.89
-
1134 E Sunburst Lane Tempe, AZ 5
- 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1987
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,350
- $0.90
PROPERTY LISTING DETAILS
Re/max Excalibur
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194022
Last Updated: 02/13/2021
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.
