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1233 E Marny Road Tempe, AZ 85281

3 Beds 2 Baths 1,433 sqft Built 1970

$480,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $334.96
  • 2 Days on Market
  • MLS # : 6200043
  • Updated Date : 02/27/2021 at 01:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,433 sqft
  • Baths : 2 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

Welcome home! Enjoy North Tempe/South Scottsdale area at its finest. Heated built in spa and pool, built in propane fire island, pavers in back, natural grass with water system in back, synthetic grass in front with new pavers and space for an RV with 220 power. Sandblasted sump block, new paint, new roof, new RV and rear gates. Interior has travertine tile, new carpet, ceiling fans, stainless steal appliances, updated baths and kitchen. Minutes away from bike paths, parks, Old Town Scottsdale, Tempe Town lake, ASU, Mill Ave and Sky Harbor Airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago - North Tempe

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Papago - North Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800100012001400160018002000Rent in $7112187

* 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
Mcclintock High School High Regular 1,771 81 6

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,667
Property Tax -$316
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$478

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.

$480,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.1%
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-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,071

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6604$1,8505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1233 E Marny Road Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.16
    •  
  • 1249 E Susan Lane Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1970
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.26
    •  
  • 1225 E Marigold Lane Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1968
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.27
    •  
  • 1710 N Oleander Street Tempe, AZ 4
    • 4 beds 2 baths ∙ 1,356 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,356 Sqft ∙ Built 1968
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.36
    •  
  • 950 E Lilac Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1963
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
PROPERTY LISTING DETAILS
David Mowry
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200043
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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