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1243 N Harold Street Tempe, AZ 85281

2 Beds 1 Baths 1,056 sqft Built 1958

INVESTimate

$220,000

List Price

$1,370

$1,233 - $1,507

Rent Est.

$240,372  ( +9.26%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $208.33
  • 2 Days on Market
  • MLS # : 6122452
  • Updated Date : 08/25/2020 at 15:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,056 sqft
  • Baths : 1 full
Listing Agent

Momentum Brokers Llc

Listing Agent's Description

Attention Investors! Great opportunity with lots of potential. HUGE LOT in a highly sought out area. Easy access to freeways. Being sold ''As-Is''. Looking for ALL CASH OFFERS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Rio

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: East Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6351703

* 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
Laird School Primary Regular 433 29 2
Laird School Middle Regular 433 29 2
Mcclintock High School High Regular 1,771 81 6

Laird School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 29
2
GreatSchools Rating

Laird School

  • Education Level: Middle
  • # of students: 433
  • # of teachers: 29
2
GreatSchools Rating

Mcclintock High School

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

$198,000$242,000$220,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$812
Property Tax -$145
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$267

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.

$220,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$46,078

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
  • $1,626

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,1954$1,1955$1,395
$1,395
RENT COMPS ANALYSIS
  • 1243 N Harold Street Tempe, 1
    • 2 beds 1 baths ∙ 1,056 Sqft ∙ Built 1958 2 beds 1 baths ∙ 1,056 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1231 N Oleander Street #1 Tempe, 2
    • 2 beds 1 baths ∙ 780 Sqft ∙ Built 1958 2 beds 1 baths ∙ 780 Sqft ∙ Built 1958
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.53
    •  
  • 1231 N Oleander Street #2 Tempe, 3
    • 2 beds 1 baths ∙ 780 Sqft ∙ Built 1958 2 beds 1 baths ∙ 780 Sqft ∙ Built 1958
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.53
    •  
  • 1231 N Oleander Street #4 Tempe, 4
    • 2 beds 1 baths ∙ 780 Sqft ∙ Built 1958 2 beds 1 baths ∙ 780 Sqft ∙ Built 1958
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.53
    •  
  • 1037 N 78th Street Scottsdale, 5
    • 2 beds 1 baths ∙ 888 Sqft ∙ Built 1968 2 beds 1 baths ∙ 888 Sqft ∙ Built 1968
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.57
    •  
PROPERTY LISTING DETAILS
Edgar Chavez
Momentum Brokers Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122452
Last Updated: 08/25/2020
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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