Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1150 W Laird Street Tempe, AZ 85281

3 Beds 2 Baths 1,316 sqft Built 1962

$379,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $288.68
  • 3 Days on Market
  • MLS # : 6165168
  • Updated Date : 11/26/2020 at 21:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,316 sqft
  • Baths : 2 full
Listing Agent

American Allstar Realty

Listing Agent's Description

Amazing remodel in the sought after Tempe Western Village community. Welcome home to this large, South facing corner lot with RV gate! Step inside to see this beautifulremodel. Large open living room and family rooms. Beautiful kitchen with new granite countertops, new appliances, new cabinets, new canned lighting and new hood vent too!Gas cooking! Inside laundry with washer, dryer, deep sink and cabinets. New plank tile floor, new interior and exterior paint, new ceiling fans, new fixtures and more!Bathrooms have new vanities too! Large covered patio and storage shed. Close to ASU, US60, I10, Loop2020, shopping, restaurants,nschools and more! Don't miss this beauty!

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,402
Property Tax -$250
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$6

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.

$379,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7923$1,8104$1,8955$1,980
$1,980
RENT COMPS ANALYSIS
  • 1150 W Laird Street Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.38
    •  
  • 1123 W Elna Rae Street Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1959
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.30
    •  
  • 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 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
Matthew R Pennington
American Allstar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165168
Last Updated: 11/26/2020
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.

BESbswy