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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $222.87
- 4 Days on Market
- MLS # : 6171993
- Updated Date : 12/31/2020 at 22:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,705 sqft
- Baths : 1 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Great home in central Tempe. Owner has taken great pride in maintaining and updating this property. Beautiful mix of modern amenities and old world charm. Remodeled in all the right places with quality materials and craftsmanship. Large three bedroom with separate living and family rooms. Open concept kitchen with family room addition that overlooks the back yard. New A/C and Roofing. Large covered patio. Existing Pool is not functional and has been covered by deck.
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PRICE & RENT TRENDS
Neighborhood: Optimist Park Northeast
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Optimist Park Northeast
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$250 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$98
|
||
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.
$380,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.4% |
| 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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
6.67
YEARS SAVED
$36,415
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
-
$1,922
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
2046 E Oxford Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2038 E Harvard Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1974
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,825
- $1.10
-
2156 E Apollo Avenue Tempe, AZ 3
- 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1977
![property image]()
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,900
- $1.17
-
2037 E Harvard Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,950
- $1.10
-
5460 S Kenwood Lane Tempe, AZ 5
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.14
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171993
Last Updated: 12/31/2020
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.
