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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $244.02
- 3 Days on Market
- MLS # : 6167569
- Updated Date : 12/04/2020 at 00:46
CONSTRUCTION
- Beds : 2
- Floor Size : 1,556 sqft
- Baths : 2 full
Listing Agent
Pedersen Real Estate & Property Management
Listing Agent's Description
A fantastic 2 bed, 2 bath property located in Tempe is now on the market! Featuring a lovely facade with brick veneers, low maintenance landscaping, and a 2 car garage, you simply have to see it to believe it! Step inside to find a large dining & living area with vaulted ceilings, Saltillo tile, and a cozy fireplace perfect for the winter months! You'll also notice the gorgeous kitchen, equipped with ample cabinetry, granite countertops, and all the appliances you'll need for honing your cooking skills. The beautiful master bedroom will leave you speechless, with its private exit, spacious walk-in closet, and full bath which includes a dual vanity. Finally, the charming backyard boasts a covered patio, convenient storage shed, and a refreshing fenced pool! Book your showing today!
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PRICE & RENT TRENDS
Neighborhood: Dava-Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dava-Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,401 |
| Property Tax | -$274 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$142
|
||
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.
$379,700
PROJECTED PRICE
$1,690
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$106,371
LOAN DETAILS
$1,401
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,925 |
| Loan Amount | $284,775 |
3.58
YEARS SAVED
$14,167
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
-
$1,793
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
1438 E Chilton Drive Tempe, AZ 1
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- $0
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5606 S Hurricane Court #c Tempe, AZ 2
- 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,395
- $1.12
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5635 S Clambake Bay Court #c Tempe, AZ 3
- 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,395
- $1.12
-
7305 S Bonarden Lane Tempe, AZ 4
- 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,695
- $1.21
-
7331 S Jentilly Lane Tempe, AZ 5
- 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993
LEASED 11/14/20- Rent
- Rent Per SQFT
- $1,695
- $1.16
PROPERTY LISTING DETAILS
Pedersen Real Estate & Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167569
Last Updated: 12/04/2020
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.
