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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $190.31
- 6 Days on Market
- MLS # : 6185379
- Updated Date : 01/26/2021 at 04:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,023 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
4 bedroom 2 bathroom home located in Tempe's highly desirable Papago Gardens subdivision minutes from both the 101 & 202 Freeways. Home features a large open and inviting kitchen with granite counter tops perfect for entertaining along with updated resort style bathrooms. Large covered patio opens up to a big pool great for cooling off from the Arizona sun. Come see today! This house is to be sold AS-IS. Investors and flippers are welcome. Will review all offers on 7pm Saturday January 30th
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PRICE & RENT TRENDS
Neighborhood: Papago - North Tempe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Papago - North Tempe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$274 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$264
|
||
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.
$385,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 11.1% |
| 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
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
9.25
YEARS SAVED
$48,970
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
-
$2,149
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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1046 E Bluebell Lane Tempe, AZ 1
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1441 N El Camino Drive Tempe, AZ 2
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LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
-
1504 N El Camino Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.07
-
7831 E Beatrice Street Scottsdale, AZ 4
- 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.18
-
813 N 73rd Place Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961
![property image]()
LEASED 09/02/20- Rent
- Rent Per SQFT
- $2,295
- $1.10
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185379
Last Updated: 01/26/2021
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.
