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2039 E Aspen Drive Tempe, AZ 85282

3 Beds 2 Baths 1,812 sqft Built 1972

$498,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $275.33
  • 2 Days on Market
  • MLS # : 6170725
  • Updated Date : 12/12/2020 at 16:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

*TOTAL REDUX* NEW CONTEMPORARY VILLA REMOD!! SANTA BARBARA STYLE, Vaulted Real Wood Beams, All New Fresh White Cabinetry, Hard Wood Style Floors, Quartz Counter Tops. Designer Black, White, and Grey Colors. Atrium Glassed-in Patio Setting for Morning Coffee or Private Artist Studio. Very Unique Home for someone looking for Grand Open Living with Real Wood burning See-Thru Fireplace! *MUST SEE* PROFESSIONALLY STAGED!

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
 

$449,010$548,790$498,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,841
Property Tax -$329
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$431

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.

$498,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.38%

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-$10k-$5.0k$0.0$5.0k$10k

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$137,959

INVESTMENT

$137,959

Down Payment
$124,725
Rehab Estimate
$5,750
Closing Costs
$7,484

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,725
Loan Amount $374,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,735

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
  • $1,903

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8004$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2039 E Aspen Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2166 E Alameda Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1985
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
  • 2063 E Aspen Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1973
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1960 E Cairo Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1970
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
  • 2009 E Cairo Drive Tempe, AZ 5
    • 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1966
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mark Young
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170725
Last Updated: 12/12/2020
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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