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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $237.32
- 3 Days on Market
- MLS # : 6167696
- Updated Date : 12/05/2020 at 14:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,444 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Nestled into the private urban Papago preserve is this beautifully updated home,seller has spared no expense with extensive recent remodel including all 3 bathrooms,upgrades include quartz counter tops,free standing tub in master suite, custom glass shower enclosure / dual shower with overhead and hand held feature, lighting,vanity with built in storage, fixtures,flooring and tile, beautifully done,updated kitchen cabinetry,counters and backsplash just installed,newer stainless appliances and wet bar for entertaining,newer AC units,exterior just painted,community RV,boat storage for additional $10.00 per month so bring your toys !well maintained community with green belts throughout,Minutes to Tempe town lake,bike paths,Phoenix zoo,Botanical Garden,ASU and Sky Harbor,Move In Ready
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Marlborough Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marlborough Park Estates
* 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 | -$2,140 |
| Property Tax | -$382 | |
| Property Insurance | -$75 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$497
|
||
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.
$580,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,450
LOAN DETAILS
$2,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $145,000 |
| Loan Amount | $435,000 |
1.5
YEARS SAVED
$5,501
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
-
$2,383
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1455 N El Camino Drive Tempe, AZ 1
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1441 N El Camino Drive Tempe, AZ 2
- 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
-
7212 E Latham Street Scottsdale, AZ 3
- 5 beds 2 baths ∙ 2,332 Sqft ∙ Built 1960 5 beds 2 baths ∙ 2,332 Sqft ∙ Built 1960
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.94
-
456 E Bluebell Lane Tempe, AZ 4
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1984
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,275
- $0.93
-
1708 N Daffodil Street Tempe, AZ 5
- 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 1968
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,900
- $1.13
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167696
Last Updated: 12/05/2020
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.
