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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $242.12
- 2 Days on Market
- MLS # : 6160038
- Updated Date : 11/14/2020 at 14:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,631 sqft
- Baths : 2 full
Listing Agent
Heins Realty
Listing Agent's Description
Fabulous Lakes waterfront community. Lake only 1/2 block to boat & fish. KT incl IKEA cabinets, tile backsplash & custom granite counters -KT & Island, Dry Bar. Great Rm entry-lite & brite & open to KT. $8k travertine floors. Granite bathrm & hallway counters. Travertine bathrm (2) shower surround. New wood grain plank floors in BDRS. Formal DRM w/built in custom hutch. Hall bathrm skylite. Glass bowl sink Master Bath. 2nd & 3rd BDRS over look pool. $11,000 tile roof 2020 & 2019 foamed garage roof. 2020 patio cover. Popcorn removed. Slate entry. Wheel chair accessible. Sparkling pool w/new Cool Deck. Private courtyd gate. Hi south wall for privacy. East facing patio w/ orange, grapefruit & lemon trees. Veggie gardens-artichokes, eggplant, chilis, tom, etc. New 50 drip system & gutte
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PRICE & RENT TRENDS
Neighborhood: The Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$263 | |
| Property Insurance | -$59 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$333
|
||
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.
$394,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.0% |
| 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
$110,399
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,725 |
| Loan Amount | $296,175 |
1.58
YEARS SAVED
$4,079
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,717
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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1605 E Windjammer Way Tempe, AZ 1
- 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
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1609 E Baker Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1970
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,500
- $0.97
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4810 S Birch Street Tempe, AZ 3
- 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,665
- $1.01
-
1915 E Colgate Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1972
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,725
- $1.06
-
1527 E Westwind Way Tempe, AZ 5
- 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1973
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,750
- $1.17
PROPERTY LISTING DETAILS
Heins Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160038
Last Updated: 11/14/2020
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.
