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1318 E Chilton Drive 
Tempe, AZ
85283
3 Beds 2 Baths 1,730 sqft
Built 1982
INVESTimate
$399,999
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 1982
- Price/Sqft : $231.21
- 1 Days on Market
- MLS # : 6121241
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,730 sqft
- Baths : 2 full
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Beautiful 3 bedroom 2 Bath home with a pool in the Kyrene School district. This home has been upgraded and is move in Ready, New Tile flooring, New Tile in Master bathroom and hall bathroom, New White Ventino Quartz Countertops. New Carpet, Fixtures and Fans throughout. This home is ready for new owners. Come see this home before it is gone. **Professional Photos coming soon**
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PRICE & RENT TRENDS
Neighborhood: Dava-Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dava-Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$289 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$115
|
||
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.
$399,999
PROJECTED PRICE
$1,810
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
4
YEARS SAVED
$17,521
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,938
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1318 E Chilton Drive Tempe, 3
- 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,810
- $1.05
-
1630 E Redfield Road Tempe, 1
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
![property image]()
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,750
- $1.11
-
7440 S Juniper Street Tempe, 2
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.16
-
1215 E Divot Drive Tempe, 4
- 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987
![property image]()
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,995
- $1.11
-
366 E Krista Way Tempe, 5
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
![property image]()
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,095
- $1.10
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121241
Last Updated: 08/26/2020
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.
