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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $254.68
- 2 Days on Market
- MLS # : 6196875
- Updated Date : 02/20/2021 at 00:13
CONSTRUCTION
- Beds : 4
- Floor Size : 1,708 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Remarkable remodel from top to bottom! The all new kitchen boasts trendy gray Shaker cabinetry with brushed nickel hardware, island with pendant lighting, quartz counter tops, tile backsplash, upgraded stainless steel Samsung appliances, new R/O system and upgraded stainless farmhouse sink and faucet. Large dining area with new French door exit to the covered back patio. Pool size back yard! Spacious great room has a trendy built in electric fireplace. Master suite has a walk in closet and master bathroom has dual vanities and an enormous walk in shower with tile surrounds and a custom glass door enclosure. Both bathrooms are remodeled with gray cabinetry, quartz vanity tops, upgraded sinks and faucets, designer mirrors and dual flush toilets.
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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 | $1,820 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$287 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$137
|
||
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.
$435,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.42%
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
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
3.67
YEARS SAVED
$14,375
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,806
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1951 E Richards Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,820
- $1.07
-
1978 E Fremont Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1971
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,495
- $0.98
-
1946 E Ellis Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1971
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
-
2093 E Carson Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1972
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,000
- $1.13
-
4013 S Hazelton Lane Tempe, AZ 5
- 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1969
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,070
- $1.12
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196875
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
