Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1421 N La Rosa Drive Tempe, AZ 85281

3 Beds 2 Baths 1,828 sqft Built 1980

$480,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $262.58
  • 2 Days on Market
  • MLS # : 6160610
  • Updated Date : 11/14/2020 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent

Engel & Voelkers Scottsdale

Listing Agent's Description

BEAUTIFULLY REMODELED/MAINTAINED HOME. UPGRADES INCLUDE NEW ROOF IN 2019, DUAL PANE WINDOWS, KITCHEN HAS CHERRY CABINETS, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, LARGE MASTER BEDROOM AND ENORMOUS 10 X11 WALK IN CLOSET!! MASTER BATH HAS LARGE TILE SHOWER, GRANITE COUNTERS, TILE FLOORS, LAMINATE WOOD FLOORS IN FAMILY ROOM AND HALL, HALL BATH HAS BEEN REMODELED, WOOD BLINDS AND PLANTATION SHUTTERS, FRONT DOOR REPLACED, UPDATED FRENCH DOORS OFF FAMILY ROOM AND MASTER BEDROOM IN 2017, A/C REPLACED IN 2011, WOOD BURNING FIREPLACE IN LIVING ROOM, VAULTED CEILIINGS, COVERED PATIO AND MORE! THIS IS A GREAT HOME. COMMUNITY HAS A SEPARATE BOAT OR RV STORAGE IN COMMUNITY ON-SITE FOR JUST $120 PER YEAR. SELLER CANNOT CLOSE UNTIL AFTER 1/2/202

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marlborough Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k417k

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

Neighborhood: Marlborough Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8571981

* 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
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,771
Property Tax -$316
Property Insurance -$63
HOA -$14
Property Management Fees -$99
CASH FLOW
-$243

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.

$480,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$13,685

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
  • $2,025

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0004$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 1421 N La Rosa Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1504 N El Camino Drive Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 414 E Barbara Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1982
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
  • 617 E Hancock Avenue Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1960
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 1817 N Palm Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.15
    •  
PROPERTY LISTING DETAILS
Robert E. Sutton Jr.
Engel & Voelkers Scottsdale
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160610
Last Updated: 11/14/2020
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.

BESbswy