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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $269.76
- 2 Days on Market
- MLS # : 6176365
- Updated Date : 01/02/2021 at 15:53
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 THIS MODERN HOME* PROFESSIONALLY STAGED!
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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 | $1,900 |
| EXPENSES | Loan Payment | -$1,803 |
| Property Tax | -$322 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$387
|
||
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.
$488,800
PROJECTED PRICE
$1,900
PROJECTED RENT
0.39%
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
$135,282
LOAN DETAILS
$1,803
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,200 |
| Loan Amount | $366,600 |
2
YEARS SAVED
$7,490
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
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
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176365
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.
