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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $235.00
- 4 Days on Market
- MLS # : 6172418
- Updated Date : 12/18/2020 at 11:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,383 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
THIS IS A FIX UP PROPERTY! Three bedroom split plan with pool and double garage - Needs complete remodel - Great Tempe location close to schools, freeways and shopping - No HOA - Many neighbors have removed the wall between the family and living rooms - New roof in 2019
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PRICE & RENT TRENDS
Neighborhood: Southern Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southern Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$214 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$36
|
||
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.
$325,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.8% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
5.25
YEARS SAVED
$20,838
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,535
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1059 W La Jolla Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $1.11
-
1438 W La Jolla Drive Tempe, AZ 1
- 3 beds 3 baths ∙ 1,223 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,223 Sqft ∙ Built 1984
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,375
- $1.12
-
3701 S Mill Avenue Tempe, AZ 2
- 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1964
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.99
-
3838 S Roosevelt Street Tempe, AZ 3
- 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1979
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,500
- $1.18
-
713 W Hermosa Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,675
- $1.15
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172418
Last Updated: 12/18/2020
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.
