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122 E Taylor Street Tempe, AZ 85281

5 Beds 2 Baths 2,142 sqft Built 1959

$525,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $245.10
  • 8 Days on Market
  • MLS # : 6152596
  • Updated Date : 10/27/2020 at 14:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,142 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Spacious home in a great neighborhood, near ASU and Old Town. Master includes walk-in closet, double-sink marble vanity and zero-edge shower. Oversized front bedroom has private entrance, perfect for home office.Back yard is huge, perfect for RV or just playing. Alley access with large RV gate Jacuzzi Flagstone patios front and back. Large storage outbuilding (10'X23'). Complete workshop/storage (11'X14'). Automatic watering system. New appliances.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canal Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k299k

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

Neighborhood: Canal Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7361820

* 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
Yavapai Elementary School Primary Regular 421 26 4
Coronado High School High Regular 1,039 61 2

Yavapai Elementary School

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
4
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,937
Property Tax -$236
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$9

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$41,907

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
  • $2,522

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2954$2,4005$2,895
$2,895
RENT COMPS ANALYSIS
  • 122 E Taylor Street Tempe, AZ 1
    • 5 beds 2 baths ∙ 2,142 Sqft ∙ Built 1959 5 beds 2 baths ∙ 2,142 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6713 E Culver Street Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1959
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 813 N 73rd Place Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.10
    •  
  • 1326 N 71st Street Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 1958 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 1958
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.19
    •  
  • 6919 E Moreland Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1959
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.41
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152596
Last Updated: 10/27/2020
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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