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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $169.07
- 2 Days on Market
- MLS # : 6182056
- Updated Date : 01/16/2021 at 20:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,360 sqft
- Baths : 3 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Fantastic 4bed/3.5bath tri-level home available in Tempe. Step inside the beautifully remodeled interior with wood look flooring, crisp white and an open concept floorplan. Stylish kitchen boasts stainless steel appliances, mosaic tile backsplash, a plethora of white shaker style cabinetry, gorgeous counter tops and pendant lighting over the large island with breakfast bar seating. Making it ideal for gathering with friends and family. Bedrooms are generously sized and offer flexibility. Step out to the patio and enjoy the low maintenance backyard. Two brand new patio glass sliders and recently replaced windows throughout. Perfect for pets and play. Great location, easy access to freeways, shopping, dining, schools, golf and so much more. Do not miss out on this gem.
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PRICE & RENT TRENDS
Neighborhood: Kiwanis - the Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kiwanis - the Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$263 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$419
|
||
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.
$399,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
10.75
YEARS SAVED
$65,283
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
-
$2,484
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1416 E Minton Drive Tempe, AZ 1
- 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3715 S Dorsey Lane Tempe, AZ 2
- 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1968 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1968
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
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1811 E Yale Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1974
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,395
- $1.08
-
1935 E Riviera Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,395
- $1.07
-
1303 E Donner Drive Tempe, AZ 5
- 5 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,570
- $1.09
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182056
Last Updated: 01/16/2021
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.
