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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $229.43
- 7 Days on Market
- MLS # : 6185437
- Updated Date : 01/25/2021 at 21:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,787 sqft
- Baths : 2 full
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Beautiful Remodeled home next to Optimist Park. New Tile flooring and Carpet, New Kitchen Cabinets and appliances, remodeled Master bathroom shower. New Paint inside and outside as well as new fans and fixtures. This home is close access to the freeway and down the street from Tempe Marketplace as well as Arizona State University. Home was recently appraised at 415k instant equity, Open house Saturday Jan 30th 10AM-12PM. do not disturb Tenants.
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PRICE & RENT TRENDS
Neighborhood: Optimist Park Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Optimist Park Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$270 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$145
|
||
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.
$409,999
PROJECTED PRICE
$1,710
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.3% |
| 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
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,499 |
3.5
YEARS SAVED
$12,546
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
-
$1,988
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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1917 E Yale Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
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1915 E Colgate Drive Tempe, AZ 2
- 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
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1915 E Gemini Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1973
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,975
- $1.13
-
5460 S Kenwood Lane Tempe, AZ 4
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.14
-
1868 E Auburn Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185437
Last Updated: 01/25/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
