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1232 W Auburn Drive Tempe, AZ 85283

2 Beds 1 Baths 910 sqft Built 1979

$275,000

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $302.20
  • 2 Days on Market
  • MLS # : 6182070
  • Updated Date : 01/16/2021 at 23:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 910 sqft
  • Baths : 1 full
Listing Agent

Tierra Antigua Realty, Llc

Listing Agent's Description

LOCATION, LOCATION ***** Remodeled Kitchen and Bathroom***** recently installed 2000 sf turf ***** ***** RV gate ***** corner lot ***** build in home surround sound system ***** 2 covered patios with electric ***** outdoor tv will convey***** ***** Property is currently occupied and tenant is on a month to month lease*****

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wood Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Wood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7511703

* 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
Wood Elementary School Primary Regular 582 33 4
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Wood Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 33
4
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$955
Property Tax -$181
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$250

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.

$275,000

PROJECTED PRICE

$1,030

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,841

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
  • $1,047

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,2004$1,2505$1,395
$1,395
RENT COMPS ANALYSIS
  • 1232 W Auburn Drive Tempe, AZ 1
    • 2 beds 1 baths ∙ 910 Sqft ∙ Built 1979 2 beds 1 baths ∙ 910 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.13
    •  
  • 8629 S 48th Street #3 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,060 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,060 Sqft ∙ Built 1983
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.13
    •  
  • 8844 S 51st Street #2 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1987
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.19
    •  
  • 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
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
PROPERTY LISTING DETAILS
Tomas Soto
Tierra Antigua Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182070
Last Updated: 01/16/2021
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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