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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $229.12
- 3 Days on Market
- MLS # : 6178289
- Updated Date : 01/10/2021 at 01:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,964 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Looking for a home that is absolutely perfect for family gatherings,entertaining and plenty of room for the kids to play, you will want to see this house. Included is a split floor plan, just under 2000 sqft.,2 car garage, 4 bedrooms/ 2 baths. Double sinks in both baths, and 2 full ovens. This home offers spacious rooms and many extras. Included is a built in red brick BBQ island, an in-ground jacuzzi spa and a building in the back once used as an office & storage with 2 rooms that total 264 sqft. Includes a small AC unit. The backyard has a double-wide gate and beautiful citrus trees on an oversized lot of 16,069 sqft. The opportunities are endless with this much space. This home has been well cared for. Don't hesitate to take a look.
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PRICE & RENT TRENDS
Neighborhood: Cole Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cole Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$296 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$86
|
||
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.
$450,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.2% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
6.33
YEARS SAVED
$33,068
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,092
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1950 E Dunbar Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $2,110
- $1.07
-
2110 E Dunbar Drive Tempe, AZ 1
- 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.99
-
2037 E Harvard Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,950
- $1.10
-
4716 S Fairfield Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1972
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,100
- $1.07
-
2042 E Ellis Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 1972
LEASED 01/04/21- Rent
- Rent Per SQFT
- $2,250
- $1.10
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178289
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
