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1959 E Laguna Drive Tempe, AZ 85282

5 Beds 2 Baths 2,800 sqft Built 1969

$465,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $166.07
  • 3 Days on Market
  • MLS # : 6176033
  • Updated Date : 01/02/2021 at 21:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,800 sqft
  • Baths : 2 full
Listing Agent

Aeris House Properties, Llc

Listing Agent's Description

CLASSIC Tempe ''Suggs Home'' build, with 5 bedrooms, new renovations on bath and a generous garage conversion to bonus room with brand new mini-split AC unit. Beautiful Open Concept!The best of both worlds offers comforts of vintage style with updated sense of living. Desired Tempe Royal Palms community is great Location, Location Location....need I say more? Pebble tech pool, (just resurfaced in 2020), space for gardening, all the way to a tree house... can bring entertainment options to another level! AC unit was replaced in 2017. New tankless water heater. The Laguna home is waiting for you...but not for long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alameda

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Alameda

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001711

* 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
Curry Elementary School Primary Regular 560 34 3
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Curry Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 34
3
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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,716
Property Tax -$306
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$119

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$465,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,249

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0703$2,1004$2,3955$2,480
$2,480
RENT COMPS ANALYSIS
  • 1959 E Laguna Drive Tempe, AZ 2
    • 5 beds 2 baths ∙ 2,122 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,122 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.98
    •  
  • 4424 S Willow Drive Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1969
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 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
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 1935 E Riviera Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.07
    •  
  • 1915 E Laguna Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1969
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.11
    •  
PROPERTY LISTING DETAILS
Judi Ann Murdock
Aeris House Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176033
Last Updated: 01/02/2021
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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