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PROPERTY INFO
FACTS
- Single Family
- Built In 1953
- Price/Sqft : $294.76
- 3 Days on Market
- MLS # : 6176239
- Updated Date : 01/01/2021 at 21:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,184 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Nice 3 bedroom, 2 bath home on large with view of Daley Park and just minutes from ASU. Block construction. Saltillo tile in living room, kitchen and bathrooms. New carpet in the bedrooms. Home freshly painted inside and out. Home includes upgrading lighting, ceiling fans, 4 inch baseboards. Kitchen with stainless appliances including gas stove. Both showers tiled. Owner Suite includes sitting room/bonus closet space and French door exit to yard. Large 3rd bedroom. Beautiful back yard with covered patio, brick lined entertainment space and mature trees. Laundry is in the garage. Plenty of extra storage in the garage.
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PRICE & RENT TRENDS
Neighborhood: University Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$230 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$167
|
||
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.
$349,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.9% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
3.25
YEARS SAVED
$10,874
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$1,616
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
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1614 S College Avenue Tempe, AZ 3
- 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1953
- Rent
- Rent Per SQFT
- $1,500
- $1.27
-
1619 S Ventura Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 1954
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,350
- $1.16
-
504 W 18th Street Tempe, AZ 2
- 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958
LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,500
- $1.39
-
718 E Granada Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1957
LEASED 07/25/20- Rent
- Rent Per SQFT
- $1,850
- $1.44
-
517 W 18th Street Tempe, AZ 5
- 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1958
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,900
- $1.47
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176239
Last Updated: 01/01/2021
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.
