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1047 W Caroline Lane Tempe, AZ 85284

3 Beds 2 Baths 1,256 sqft Built 2007

$365,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $290.61
  • 1 Days on Market
  • MLS # : 6182160
  • Updated Date : 01/17/2021 at 00:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,256 sqft
  • Baths : 2 full
Listing Agent

Sonoran Vista Properties

Listing Agent's Description

Cozy 3 bedroom 2 bath home located on a premium corner lot adjacent to a park, in highly sought after Tempe Village a gated community. This split floorplan is ideal and welcomes you with light bright spaces, unique architectural designs, as well as engineered wood flooring a tile throughout! You'll love the crown molding in the living room and the open kitchen which boasts stainless steel appliances, engineered stone counter tops and freshly painted cabinets. The backyard has been newly landscaped featuring pavers, a play area, and comes complete with a patio for lounging. Dual paned windows, prewire for security system, large garage, and many more upgrades, schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mills - Emerald

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k491k

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

Neighborhood: Mills - Emerald

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $10002374

* 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
Kyrene De Las Manitas School Primary Regular 597 37 6
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Manitas School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 37
6
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,268
Property Tax -$264
Property Insurance -$52
HOA -$24
Property Management Fees -$99
CASH FLOW
-$156

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.

$365,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 1047 W Caroline Lane Tempe, AZ
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Sherea Calderon
Sonoran Vista Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182160
Last Updated: 01/17/2021
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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