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1144 W Laird Street Tempe, AZ 85281

3 Beds 2 Baths 1,350 sqft Built 1961

$375,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $277.78
  • 3 Days on Market
  • MLS # : 6154457
  • Updated Date : 11/01/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous 3 bed, 2 bath, NO HOA, single level family home has been completely remodeled and is move in ready! Brand new flooring, exterior & interior paint, baseboards, light fixtures & fans. New SS appliances, dual pane windows, epoxy flooring in the garage, and much more! Bright & open kitchen with white shaker cabinets, black hardware and subway tile backsplash. Large covered back patio. Laundry room inside! This charming home in the heart of Tempe, is just minutes away from shopping, entertainment, great dining and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gililland

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Gililland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7231703

* 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
Holdeman Elementary School Primary Regular 618 36 2
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Holdeman Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 36
2
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,384
Property Tax -$247
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$37

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.

$375,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$31,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6853$1,7924$1,8955$1,980
$1,980
RENT COMPS ANALYSIS
  • 1144 W Laird Street Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1020 W 10th Place Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.22
    •  
  • 1145 W 12th Place Tempe, AZ 3
    • 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 4
    • 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
    •  
  • 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
Kathryn R Arter
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154457
Last Updated: 11/01/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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