Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1930 E Hayden Lane #103 Tempe, AZ 85281

3 Beds 3 Baths 1,303 sqft Built 2002

$314,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $241.67
  • 2 Days on Market
  • MLS # : 6184820
  • Updated Date : 01/23/2021 at 19:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,303 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Description:Check out this 3 bed/2.5 bath updated townhome in a great central Tempe location! Immediate access to the Loop 101, 202, ASU, Tempe Marketplace, and Sloan Park. This 2-story beautiful layout comes with wood tile throughout the living areas, 5'' baseboards, brand new kitchen (white cabinets, quartz countertops, tile backsplash, and stainless steel appliances - dishwater, sink, microwave and refrigerator). Upgraded stairs and railings leads you to 3 bedrooms and 2 full baths. These include a large master suite and a fully remodeled master bathroom (enlarged shower, frameless shower glass, quartz vanity top, dual sinks, tile floor, and a spacious walk-in closet)... (cont.)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alegre

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Alegre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6501703

* 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
Thew Elementary School Primary Regular 645 37 1
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Thew Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 37
1
GreatSchools Rating

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,094
Property Tax -$207
Property Insurance -$53
HOA -$150
Property Management Fees -$99
CASH FLOW
$27

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.

$314,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,625

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6304$1,6955$1,850
$1,850
RENT COMPS ANALYSIS
  • 1930 E Hayden Lane #103 Tempe, AZ 3
    • 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.25
    •  
  • 1886 E Don Carlos Avenue #135 Tempe, AZ 1
    • 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2004
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
  • 1886 E Don Carlos Avenue #109 Tempe, AZ 2
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2004
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.23
    •  
  • 1886 E Don Carlos Avenue #169 Tempe, AZ 4
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2004
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.30
    •  
  • 1886 E Don Carlos Avenue #132 Tempe, AZ 5
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.27
    •  
PROPERTY LISTING DETAILS
Andrea Laughlin
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184820
Last Updated: 01/23/2021
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.

BESbswy