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 #111 Tempe, AZ 85281

3 Beds 3 Baths 1,302 sqft Built 2002

$299,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $229.65
  • 6 Days on Market
  • MLS # : 6161556
  • Updated Date : 11/18/2020 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,302 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

THIS GREAT 3 BEDROOM TOWNHOUSE IS CLOSE TO ASU,101,202, TEMPE MARKETPLACE,LIGHT RAIL,MANY RESTAURANTS AND TEMPE TOWN LAKE. IDEAL FOR STUDENTS GOING TO ASU.FAMILIES,PROFESSORS, COVERED PATIO,FENCED BACK YARD GREAT FOR DOGS.SEPERATE TUB AND SHOWER IN LARGE MASTER BEDROOM.

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,103
Property Tax -$197
Property Insurance -$53
HOA -$150
Property Management Fees -$99
CASH FLOW
-$152

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.

$299,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,836

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
  • $1,543

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,5505$1,790
$1,790
RENT COMPS ANALYSIS
  • 1930 E Hayden Lane #111 Tempe, AZ 1
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2134 E Broadway Road #1019 Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1997
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.17
    •  
  • 850 S River Drive #1004 Tempe, AZ 3
    • 3 beds 3 baths ∙ 1,391 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,391 Sqft ∙ Built 1985
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 1886 E Don Carlos Avenue #135 Tempe, AZ 4
    • 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2004
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
  • 2402 E 5th Street #1741 Tempe, AZ 5
    • 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 2007
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.30
    •  
PROPERTY LISTING DETAILS
Robert F. Mcdermott
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161556
Last Updated: 11/18/2020
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.

BESbswy