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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $218.55
- 3 Days on Market
- MLS # : 6190104
- Updated Date : 02/07/2021 at 04:22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,059 sqft
- Baths : 2 full
Listing Agent
North & Co
Listing Agent's Description
Come see your new home! This 3 bed, 2 bath home boasts 2,059 square feet of living space located perfectly in Tempe, minutes from the ASU campus, Tempe Marketplace & Old Town Scottsdale! Inside you will find 3 generous size rooms, plus a bonus room which easily can be a 4th bedroom or a perfect WFH office! The generous sized master bedroom has a luxurious walk in closet & updated bathroom. Through the kitchen is an open concept floorplan with granite countertops, large peninsula with plenty of cooking space which leads into your living room with vaulted ceilings! The backyard has a sparkling pool & a brand new putting green surface for you to practice your putting or use it for your favorite lawn games!
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PRICE & RENT TRENDS
Neighborhood: Cavalier Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cavalier Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$299 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$68
|
||
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.
$450,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.6% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
4.5
YEARS SAVED
$19,929
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
-
$2,157
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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1421 N Sunset Drive Tempe, AZ 1
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1115 E Bluebell Lane Tempe, AZ 2
- 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962
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LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,850
- $1.08
-
1441 N El Camino Drive Tempe, AZ 3
- 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
-
1641 N Circle Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1960
![property image]()
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,950
- $1.11
-
813 N 73rd Place Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961
![property image]()
LEASED 09/02/20- Rent
- Rent Per SQFT
- $2,295
- $1.10
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190104
Last Updated: 02/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
