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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $241.28
- 6 Days on Market
- MLS # : 6188662
- Updated Date : 02/06/2021 at 02:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,347 sqft
- Baths : 2 full
Listing Agent
Gold Trust Realty
Listing Agent's Description
3 BEDROOMS, 2 BATHROOM, SINGLE LEVEL HOUSE NEAR ASU CAMPUS. GREAT ROOM, EAT IN KITCHEN, TILE FLOOR THROUGHOUT WITH CARPET IN TWO BEDROOMS. FRESH PAINT. STORAGE, LAUNDRY ROOM, GUEST BATHROOM NEXT TO GARAGE. LARGE BACK YARD. CLOSE TO 202 & I-10 FRWY.
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PRICE & RENT TRENDS
Neighborhood: Gililland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gililland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$207 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$341
|
||
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.
$325,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
11.08
YEARS SAVED
$54,078
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
-
$1,835
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
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1123 W Elna Rae Street Tempe, AZ 1
- 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $0
- $0.00
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1145 W 12th Place Tempe, AZ 2
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1963
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,792
- $1.29
-
1028 W 12th Street Tempe, AZ 3
- 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1963
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,895
- $1.40
-
821 W 9th Street Tempe, AZ 4
- 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1958
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,900
- $1.27
-
1017 W Elna Rae Street Tempe, AZ 5
- 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1959
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,980
- $1.49
PROPERTY LISTING DETAILS
Gold Trust Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188662
Last Updated: 02/06/2021
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.
