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1430 S Roosevelt Street Tempe, AZ 85281

2 Beds 1 Baths 1,476 sqft Built 2000

$450,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $304.88
  • 1 Days on Market
  • MLS # : 6182132
  • Updated Date : 01/17/2021 at 04:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,476 sqft
  • Baths : 1 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This charming home is located in Tempe near ASU and is set back off the main road. Built in 2000, it is one of the few straw bale homes in Phoenix and is highly energy efficient with 2ft thick straw bale exterior walls, in-floor radiant heating, aluminum-clad wood casement windows, and a pitched metal roof. The main living areas with vaulted ceilings and the rear patio which looks out over the lush yard and common area provide great entertaining and relaxing spaces. Walking/biking distance to ASU, Mill Ave shops and restaurants, Tempe Town Lake, and many other entertainment venues. The free Orbit shuttle stops at the corner and runs every 15 minutes to downtown and ASU. Easy access to Sky Harbor Airport, hospitals, and highways. Don't miss this special home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marilyn Ann

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Marilyn Ann

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7341703

* 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
Holdeman Elementary School Primary Regular 618 36 2
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Holdeman Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 36
2
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,563
Property Tax -$296
Property Insurance -$56
HOA -$3
Property Management Fees -$99
CASH FLOW
-$358

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

$1,660

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,224

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
  • $1,782

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1430 S Roosevelt Street Tempe, AZ 1
    • 2 beds 1 baths ∙ 1,476 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,476 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 515 W 10th Street Tempe, AZ 2
    • 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,500 Sqft ∙ Built 1983
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 675 S Roosevelt Street #5005 Tempe, AZ 3
    • 2 beds 3 baths ∙ 1,573 Sqft ∙ Built 2009 2 beds 3 baths ∙ 1,573 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.27
    •  
  • 675 S Roosevelt Street #5006 Tempe, AZ 4
    • 2 beds 3 baths ∙ 1,573 Sqft ∙ Built 2009 2 beds 3 baths ∙ 1,573 Sqft ∙ Built 2009
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.27
    •  
  • 421 W 6th Street #1009 Tempe, AZ 5
    • 2 beds 3 baths ∙ 1,472 Sqft ∙ Built 2016 2 beds 3 baths ∙ 1,472 Sqft ∙ Built 2016
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Susan Harris
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182132
Last Updated: 01/17/2021
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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