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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $230.48
- 3 Days on Market
- MLS # : 6176017
- Updated Date : 01/01/2021 at 18:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,844 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Location, location, location! Freshly painted, clean, move in ready 3 bedroom, 2 bath home plus bonus room and Arizona room. Walk outside to a pristine pebble tec pool and new above ground spa! Quiet street close to ASU, freeways, Mill Ave, Entertainment, Tempe Town Lake, shops & restaurants. All on oversized lot with RV gate, plenty of room for toys and NO HOA!
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PRICE & RENT TRENDS
Neighborhood: MACH 8
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: MACH 8
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$280 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$190
|
||
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.
$425,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.5
YEARS SAVED
$15,263
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,885
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
123 E Erie Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,820
- $0.99
-
338 E Pebble Beach Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1962
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
132 W Erie Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1961
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
-
610 E Alameda Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1963
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,950
- $0.98
-
9 E Del Rio Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 1960
LEASED 08/29/20- Rent
- Rent Per SQFT
- $1,950
- $1.07
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176017
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
