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136 E Palmcroft Drive Tempe, AZ 85282

4 Beds 3 Baths 2,844 sqft Built 1957

INVESTimate

$625,000

List Price

$2,380

$2,142 - $2,618

Rent Est.

$664,875  ( +6.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $219.76
  • 8 Days on Market
  • MLS # : 6119595
  • Updated Date : 08/19/2020 at 21:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,844 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Large corner lot with beautiful shade trees in front & back yards. This 1950's Bungalow has been completely renovated! Spacious open floor plan has beautiful plank tile floors throughout the home. Formal dining. The beautiful new kitchen has a plethora of gray shaker cabinets, gorgeous granite counters, breakfast bar, black appliances and a walk-in pantry. Stackable laundry in hallway. Gorgeous hall bath has a double vanity, beautiful tile surround in shower. Generous sized bedrooms. Large owner's suite has a sitting area and full bath with double vanity, beautiful slate tiled step-in shower and walk-in closet. The large backyard has many possibilities! Walking distance to schools (including ASU), shopping and major freeways. Perfect home for students to share, no HOA !

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alameda

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Alameda

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001711

* 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
Broadmor Elementary School Primary Regular 673 35 8
Connolly Middle School Middle Regular 1,058 57 6
Tempe High School High Regular 1,550 78 3

Broadmor Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 35
8
GreatSchools Rating

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Tempe High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

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$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,306
Property Tax -$412
Property Insurance -$83
Property Management Fees -$99
CASH FLOW
-$519

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.

$625,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.38%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,953

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
  • $3,214

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,1005$3,395
$3,395
RENT COMPS ANALYSIS
  • 136 E Palmcroft Drive Tempe, 1
    • 5 beds 3 baths ∙ 2,844 Sqft ∙ Built 1957 5 beds 3 baths ∙ 2,844 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3418 S Oak Street Tempe, 2
    • 5 beds 4 baths ∙ 2,560 Sqft ∙ Built 1968 5 beds 4 baths ∙ 2,560 Sqft ∙ Built 1968
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.17
    •  
  • 5 E 14th Street Tempe, 3
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 1947 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 1947
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 1117 W 9th Street Tempe, 4
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1964
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.18
    •  
  • 2515 S Palm Drive Tempe, 5
    • 4 beds 3 baths ∙ 2,926 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,926 Sqft ∙ Built 1961
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.16
    •  
PROPERTY LISTING DETAILS
Scott Marlow
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119595
Last Updated: 08/19/2020
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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