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1543 N La Rosa Drive Tempe, AZ 85281

3 Beds 2 Baths 1,828 sqft Built 1983

$449,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $245.62
  • 8 Days on Market
  • MLS # : 6169861
  • Updated Date : 12/13/2020 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent

R.o.i. Properties

Listing Agent's Description

Terrific single story in the beautiful city of Tempe! Close to just about everything imaginable including Tempe Marketplace, Tempe Town Lake, Sky Harbor, Papago Park and Loop 202. The home features a formal dining area, two fireplaces, tile floors, open concept kitchen, plenty of cabinets, and a rear yard patiently waiting for your creativity! Call your favorite Realtor today for a private showing!

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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,657
Property Tax -$296
Property Insurance -$63
HOA -$14
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.

$449,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.46%

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,825

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,060

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0604$2,0955$2,350
$2,350
RENT COMPS ANALYSIS
  • 1543 N La Rosa Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.13
    •  
  • 1504 N El Camino Drive Tempe, AZ 1
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 414 E Barbara Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1982
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
  • 1817 N Palm Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.15
    •  
  • 424 E Bluebell Lane Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.29
    •  
PROPERTY LISTING DETAILS
Beth Jo Zeitzer
R.o.i. Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169861
Last Updated: 12/13/2020
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.

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