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1125 W Tulane Drive Tempe, AZ 85283

2 Beds 1 Baths 910 sqft Built 1979

$270,000

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $296.70
  • 5 Days on Market
  • MLS # : 6194403
  • Updated Date : 02/24/2021 at 22:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 910 sqft
  • Baths : 1 full
Listing Agent

Prs Property Management

Listing Agent's Description

Cute renovated home. Living room, corner kitchen, eat in kitchen, large master bedroom with walk in closet. Bath entry from bedroom or hall for privacy.Renovations include exterior paint, interior paint, doors, flooring, hardware, light fixtures, electric switches, outlets, kitchen cabinets, composite sink, smooth top oven, side by side refrigerator-ice maker, granite counter tops. Bath tub/shower refinished, granite counter tops w/under-mount sink, wide spread faucet; dual pane windows, 3 ceiling fans, Washer and Dryer included. North/South exposure lot with big rear yard. Low maintenance desert landscaping with drip system on timer. Covered rear patio. artificial grass area w/ paver edging and BBQ pad; Garage with auto opener, side slab parking, No HOA or dues

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wood Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Wood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7511703

* 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
Wood Elementary School Primary Regular 582 33 4
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Wood Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 33
4
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$938
Property Tax -$178
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$220

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.

$270,000

PROJECTED PRICE

$1,040

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,040

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,062

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,040
1$1,0402$1,1503$1,3254$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 1125 W Tulane Drive Tempe, AZ 1
    • 2 beds 1 baths ∙ 910 Sqft ∙ Built 1979 2 beds 1 baths ∙ 910 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,040
    • $1.14
    •  
  • 8661 S 51st Street #2 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,015 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,015 Sqft ∙ Built 1984
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.13
    •  
  • 1222 W Baseline Road #115 Tempe, AZ 3
    • 2 beds 3 baths ∙ 1,119 Sqft ∙ Built 1995 2 beds 3 baths ∙ 1,119 Sqft ∙ Built 1995
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.18
    •  
  • 1222 W Baseline Road #103 Tempe, AZ 4
    • 2 beds 3 baths ∙ 1,119 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,119 Sqft ∙ Built 1986
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.21
    •  
  • 5400 S Hardy Drive #123 Tempe, AZ 5
    • 2 beds 3 baths ∙ 1,217 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,217 Sqft ∙ Built 1999
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
PROPERTY LISTING DETAILS
John Prescott
Prs Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194403
Last Updated: 02/24/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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