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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Wood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
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
-
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
Prs Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194403
Last Updated: 02/24/2021
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.
