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1926 E Oxford Drive Tempe, AZ 85283

3 Beds 2 Baths 1,602 sqft Built 1972

$389,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $242.82
  • 2 Days on Market
  • MLS # : 6186349
  • Updated Date : 01/30/2021 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

BACK YARD OASIS in Tempe with no HOA its the ultimate entertaining home. Great curb appeal featuring Low e dual pane windows leading you into the light and bright great room floor plan with a charming fireplace. Versatile floor plan so set up your great room in either direction. Kitchen boasts hickory cabinets, newer black stainless top of the line appliances. and breakfast bar seating. Master retreat includes private on suite with tiled glass framed shower. Amazing backyard entertaining space is complete with a huge covered patio, a built in bbq, built in bar and a sparkling pebble tec pool. Low maintenance front and back yards with lots of fruit trees and shade for the hot summer months. Amazing location, minutes from shopping, entertainment, golf, dining, freeways and so much more

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Optimist Park Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Optimist Park Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $10001981

* 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
Fuller Elementary School Primary Regular 610 34 9
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Fuller Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 34
9
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,351
Property Tax -$256
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$15

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.

$389,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,279

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,780

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7803$1,8254$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1926 E Oxford Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.11
    •  
  • 1932 E Auburn Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1972
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
  • 2038 E Harvard Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1974
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.10
    •  
  • 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
Tony Champy
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186349
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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