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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $208.77
- 3 Days on Market
- MLS # : 6154372
- Updated Date : 11/21/2020 at 13:50
CONSTRUCTION
- Beds : 4
- Floor Size : 3,808 sqft
- Baths : 3 full
Listing Agent
Dpr Realty Llc
Listing Agent's Description
Looking for location and horse property?! Rare opportunity to customize your dream home on an acre in prime Tempe*This quality, single level brick built home offers over 3800 sq. ft. with four bedrooms, plus office, three full baths, two cozy family rooms with fire places, formal dining, two RV gates and backs to community bridle paths*One bed/bath is secluded with own entrance/exit to backyard-ideal for guests or as a second master bedroom*Home has newer water heaters, A/C units and roof and is on city sewer*Bring your designer touch and personalize your forever overall package*This highly sought after Tempe location, large single level floor plan, on an irrigated acre and this N/S exposed home site makes this a HOT property*
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PRICE & RENT TRENDS
Neighborhood: Buena Vista Ranchos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Buena Vista Ranchos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$2,933 |
| Property Tax | -$646 | |
| Property Insurance | -$101 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$801
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$795,000
PROJECTED PRICE
$3,000
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$216,425
LOAN DETAILS
$2,933
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $198,750 |
| Loan Amount | $596,250 |
0.67
YEARS SAVED
$2,986
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,000
LIST RENT -
$0.79
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
1061 E Carver Road Tempe, AZ
- 4 beds 3 baths ∙ 3,808 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,808 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $3,000
- $0.79
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154372
Last Updated: 11/21/2020
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.
