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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $227.47
- 2 Days on Market
- MLS # : 6160818
- Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,758 sqft
- Baths : 2 full
Listing Agent
Perfect Choice Real Estate
Listing Agent's Description
Lovely single level home in this lake community. Beautiful granite tile counter tops, granite back splash, neutral carpet. Formal living & dining rooms. Kitchen opens to family room Big master bedroom w/ double sink vanity, walk in shower in master, walk-in closet & private water closet. Enjoy the yard from the covered patio. Mature trees, grass area. Enjoy the lake and paths! Superior location close to freeways, parks and shopping.
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PRICE & RENT TRENDS
Neighborhood: Oasis at Anozira
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oasis at Anozira
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$289 | |
| Property Insurance | -$61 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$275
|
||
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.
$399,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
2.08
YEARS SAVED
$6,383
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,921
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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1857 E Drake Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,720
- $0.98
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1630 E Redfield Road Tempe, AZ 2
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,750
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1215 E Divot Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,995
- $1.11
-
2807 W Rosewood Drive Chandler, AZ 4
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,050
- $1.06
-
1517 E Gemini Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1976
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,100
- $1.09
PROPERTY LISTING DETAILS
Perfect Choice Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160818
Last Updated: 11/28/2020
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.
