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1719 N Bridalwreath Street Tempe, AZ 85281

3 Beds 2 Baths 1,533 sqft Built 1965

$400,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $260.93
  • 3 Days on Market
  • MLS # : 6181195
  • Updated Date : 01/17/2021 at 03:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,533 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Step into this enchanting Mid-Century Modern home! Through the Exuberant Orange front door, you'll notice abundant natural light from expansive windows in front room. Don't forget to look up! Cedar wood lines this beautiful, custom ceiling, adding to the seamless character. This 3 Bed, 1.75 Bath home has open kitchen that features an electric stove & tile backsplash. When you step out onto newly renovated, covered back patio, you'll notice the Tipu Tree & plenty of grass space for entertaining. In addition to new exterior paint, the new roof & A/C updated in 2020. Bathrooms were recently remodeled & master shower is equipped w/ a Bluetooth enabled overhead light so you can jam out to your favorite ''get pumped'' mix while you're getting ready in the morning''.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago - North Tempe

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Papago - North Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800100012001400160018002000Rent in $7112187

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,389
Property Tax -$263
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$51

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.

$400,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,994

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
  • $1,905

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8504$1,8955$2,125
$2,125
RENT COMPS ANALYSIS
  • 1719 N Bridalwreath Street Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1710 N Oleander Street Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,356 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,356 Sqft ∙ Built 1968
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.36
    •  
  • 1115 E Bluebell Lane Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 7226 E Fillmore Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1961
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.20
    •  
  • 1146 E Marny Road Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 1969
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.33
    •  
PROPERTY LISTING DETAILS
Greg Kilroy
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181195
Last Updated: 01/17/2021
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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