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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Alameda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alameda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
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
-
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
Aeris House Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176033
Last Updated: 01/02/2021
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.
