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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $200.65
- 12 Days on Market
- MLS # : 6149903
- Updated Date : 10/30/2020 at 17:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,138 sqft
- Baths : 2 full , 1 half
Listing Agent
Metro Realty Professionals
Listing Agent's Description
Great south Tempe location with a 4 bedroom, 2.5 bath floor plan. Enter into the bright Living/Dining room with vaulted ceiling. The kitchen includes granite countertops, an island and stainless steel refrigerator, a breakfast area with sliding door access to the back-yard, plus it is open to the family/great room. Also downstairs is a powder room and laundry room that includes the washer and dryer. Upstairs you'll find the master suite with a walk-in closet, a master bath with double sinks and separate tub and shower. The 3 additional bedrooms and the 2nd bath provide additional space for family and/or guests. Outdoors is low maintenance and home is freshly painted (10/2020) and newer roof (10/2018).
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PRICE & RENT TRENDS
Neighborhood: Parkside at the Galleria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkside at the Galleria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,583 |
| Property Tax | -$318 | |
| Property Insurance | -$69 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$125
|
||
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.
$429,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$119,435
LOAN DETAILS
$1,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,250 |
| Loan Amount | $321,750 |
3.92
YEARS SAVED
$18,211
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,106
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1039 E Brentrup Drive Tempe, AZ 3
- 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,960
- $0.92
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745 E Mcnair Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
-
1036 E Knight Lane Tempe, AZ 2
- 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,900
- $0.89
-
7745 S Mcallister Avenue Tempe, AZ 4
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
LEASED 06/12/19- Rent
- Rent Per SQFT
- $2,000
- $1.05
-
1302 E Mcnair Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1984
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,095
- $1.03
PROPERTY LISTING DETAILS
Metro Realty Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6149903
Last Updated: 10/30/2020
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.
