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1939 E Vaughn Street Tempe, AZ 85283

4 Beds 2 Baths 2,655 sqft Built 1979

$649,500

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $244.63
  • 2 Days on Market
  • MLS # : 6181789
  • Updated Date : 01/16/2021 at 02:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,655 sqft
  • Baths : 2 full
Listing Agent

Tina Marie Realty

Listing Agent's Description

WELCOME TO CAMELOT! Highly desirable NO HOA community located near all freeways, Trader Joe's and shopping! Almost 1/4 acre lot. Gorgeous $50,000 renovated kitchen with oversized island and charming banquette. Wonderful floorplan includes large spaces for entertaining. Family room with impressive stacked stone fireplace and French doors to private south facing yard with sparkling diving pool, mature landscaping, grass and citrus trees! Oversized shed with pad for storage. Impressively sized bedrooms, master has French doors to yard. Soundproofed media/office has separate entrance and HVAC mini split, perfect for work at home. Lots of upgrades such as plantation shutters in addition to newer roof, windows, pool filter, hot water tank. You're going to love this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k460k

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

Neighborhood: Camelot Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $10002517

* 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
Kyrene De Los Ninos College Bound Dual Language Academy Primary Regular 706 40 6
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Marcos De Niza High School High Regular 1,582 76 4

Kyrene De Los Ninos College Bound Dual Language Academy

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Marcos De Niza High School

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

$584,550$714,450$649,500

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,256
Property Tax -$469
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
-$563

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.

$649,500

PROJECTED PRICE

$2,340

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,868

INVESTMENT

$177,868

Down Payment
$162,375
Rehab Estimate
$5,750
Closing Costs
$9,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,256

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,375
Loan Amount $487,125
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,791

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
  • $2,482

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1004$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 1939 E Vaughn Street Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,655 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,655 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1857 E Chilton Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 6755 S Poplar Street Tempe, AZ 3
    • 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1974 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1974
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 1970 E Mcnair Drive Tempe, AZ 4
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1995
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.94
    •  
  • 1970 E Todd Drive Tempe, AZ 5
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1994
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tina M. Sloat
Tina Marie Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181789
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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