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2069 E Don Carlos Avenue Tempe, AZ 85281

2 Beds 1 Baths 768 sqft Built 1954

$245,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $319.01
  • 5 Days on Market
  • MLS # : 6174060
  • Updated Date : 12/23/2020 at 09:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 768 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this lovely 2 bed, 1 bath property now for sale in Tempe! Featuring easy access to freeways and located close to the Tempe Marketplace, where you'll find all sorts of restaurants and shopping spots, you simply won't believe your eyes! Inside the cozy home you will find a split floor plan with neutral paint throughout, not to mention an elegant kitchen which offers ample cabinet and counter space. Each bedroom includes a spacious walk-in closet, and the expansive backyard with its two convenient storage sheds, has tons of potential for customization and truly making it your own! What are you waiting for? Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Escalante

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k290k

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

Neighborhood: Escalante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6151703

* 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
Thew Elementary School Primary Regular 645 37 1
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Thew Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 37
1
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
 

$220,500$269,500$245,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$904
Property Tax -$161
Property Insurance -$42
Property Management Fees -$99
CASH FLOW
-$136

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.

$245,000

PROJECTED PRICE

$1,070

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,008

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
  • $1,146

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9853$9954$1,2955$1,475
$1,475
RENT COMPS ANALYSIS
  • 2069 E Don Carlos Avenue Tempe, AZ 1
    • 2 beds 1 baths ∙ 768 Sqft ∙ Built 1954 2 beds 1 baths ∙ 768 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1978 E Don Carlos Avenue #d Tempe, AZ 2
    • 2 beds 1 baths ∙ 700 Sqft ∙ Built 1974 2 beds 1 baths ∙ 700 Sqft ∙ Built 1974
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $985
    • $1.41
    •  
  • 1978 E Don Carlos Avenue #b Tempe, AZ 3
    • 2 beds 1 baths ∙ 700 Sqft ∙ Built 1974 2 beds 1 baths ∙ 700 Sqft ∙ Built 1974
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.42
    •  
  • 922 S Acapulco Lane #c Tempe, AZ 4
    • 2 beds 1 baths ∙ 864 Sqft ∙ Built 1973 2 beds 1 baths ∙ 864 Sqft ∙ Built 1973
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.50
    •  
  • 1915 E Hayden Lane #a Tempe, AZ 5
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1950 2 beds 1 baths ∙ 900 Sqft ∙ Built 1950
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.64
    •  
PROPERTY LISTING DETAILS
Tyler Blair
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174060
Last Updated: 12/23/2020
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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