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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $239.41
- 3 Days on Market
- MLS # : 6176974
- Updated Date : 01/17/2021 at 02:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,629 sqft
- Baths : 2 full
Listing Agent
Bliss Realty & Investments
Listing Agent's Description
Updated 3 Bedroom 2 Bath Beauty in Tempe w/ Perfect Pool, RV Gate/Parking & No HOA, 1 Car Garage, Triple Wide Driveway, Finished Bonus Room off Garage--Makes Great Office or Room for Projects. Home has Spacious Layout w/ Living Rm Connecting to Kitchen & Family Rm w/ Open Half Wall. Beautiful Kitchen w/ Granite Counters & Full Backsplash, Custom Lighting, Long Breakfast Bar w/Yards of Cabinet Space Joins to Family Rm w/ itsHandsome Fireplace & Extra Wide Arcadia Doors to Long Covered Patio & Fenced Pool. Well Maintained, All Appliances Are Included and Enjoy Great Energy Savings with N/S Exposure; Block Construction & Ceiling Fans Throughout. NO HOA Neighborhood!! Close to Fabulous Tempe Shopping, Spring TrainingBaseball, ASU, & Nearby Access to I-10, Lp 101, and Hwy 60.
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PRICE & RENT TRENDS
Neighborhood: Meyer Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meyer Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$257 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$389,999
PROJECTED PRICE
$1,840
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,499 |
6.5
YEARS SAVED
$30,124
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,731
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1608 E Broadmor Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,840
- $1.13
-
2220 S Kachina Drive Tempe, AZ 1
- 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.08
-
1233 E Broadmor Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1965
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
-
1732 E Penny Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,795
- $1.02
-
1719 E Gaylon Drive Tempe, AZ 4
- 4 beds 3 baths ∙ 1,664 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,664 Sqft ∙ Built 1971
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.08
PROPERTY LISTING DETAILS
Bliss Realty & Investments
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176974
Last Updated: 01/17/2021
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.
