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2102 N Van Ness Avenue Tempe, AZ 85281

3 Beds 3 Baths 1,558 sqft Built 1962

$419,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $268.93
  • 6 Days on Market
  • MLS # : 6159961
  • Updated Date : 12/01/2020 at 21:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,558 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

2 miles north of ASU & Tempe Town Lake. Walk to Papago Park. Close to HWY 202 & 101. Minutes to Airport, Old Towne Scottsdale & new SkySong Bio Tech Facility. 3 Bedroom & 3 Full Bathrooms. Sparkling Diving Pool with a new pump & covered Patio ready for entertaining. Master Suite w/ 2 closets & bathroom. Upgraded kitchen cabinets, granite countertops and breakfast bar. Family room and living room. New exterior paint. New Interior Paint. New roof. New HVAC units. New pool pump. Tile throughout the home and new carpet in the bedrooms. Dual pane windows. NO HOA! New ROOF. Living room and family room. Move in ready

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago - North Tempe

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Papago - North Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800100012001400160018002000Rent in $7112187

* 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
Yavapai Elementary School Primary Regular 421 26 4
Coronado High School High Regular 1,039 61 2

Yavapai Elementary School

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
4
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,546
Property Tax -$189
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$31

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.

$419,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.1%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$29,550

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
  • $1,963

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8004$1,9955$2,300
$2,300
RENT COMPS ANALYSIS
  • 2102 N Van Ness Avenue Tempe, AZ 1
    • 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1921 N Cavalier Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1962
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.21
    •  
  • 2107 N Van Ness Avenue Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1961
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.22
    •  
  • 111 E Mckinley Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1960
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.16
    •  
  • 220 E Pierce Street Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1960
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
PROPERTY LISTING DETAILS
Lauren Rosin
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159961
Last Updated: 12/01/2020
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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