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1300 W 15th Street Tempe, AZ 85281

3 Beds 2 Baths 1,167 sqft Built 1961

$325,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $278.49
  • 3 Days on Market
  • MLS # : 6199945
  • Updated Date : 02/27/2021 at 17:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,167 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Move-in ready Tempe 3 BEDROOM, 2 BATH home in prime location. GREAT ROOM style floor plan, neutral TILE throughout. Large CORNER LOT with mature trees. RV gate, covered patio plus extended area with pavers for easy outdoor entertaining . LOCATION, LOCATION! Close to ASU, minutes away from downtown Tempe, shopping and freeways. This attractive home will not disappoint! Schedule tour today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Holdeman

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Holdeman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7131703

* 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
Holdeman Elementary School Primary Regular 618 36 2
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Holdeman Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 36
2
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,129
Property Tax -$214
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$368

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.

$325,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$56,641

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
  • $1,858

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6504$1,6505$1,875
$1,875
RENT COMPS ANALYSIS
  • 1300 W 15th Street Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 925 W Parkway Boulevard Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1962
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.59
    •  
  • 1022 W 14th Street Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1963
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.59
    •  
  • 1048 W 12th Place Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1963
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.39
    •  
  • 1336 W 15th Street Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1961
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.80
    •  
PROPERTY LISTING DETAILS
Dana L. P. Melcher
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199945
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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