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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $242.87
- 2 Days on Market
- MLS # : 6184912
- Updated Date : 01/23/2021 at 15:30
CONSTRUCTION
- Beds : 4
- Floor Size : 1,647 sqft
- Baths : 2 full
Listing Agent
Real Estate Brokers Intl
Listing Agent's Description
This beautiful four bedroom, two bathroom home on a corner lot is move in ready! It was fully renovated in 2019, including a new roof, AC unit, windows, garage door, and so much more! When walking in the front door, you will instantly notice how bright and open the home is. The kitchen has new white quartz countertops, cabinets and stainless steel appliances. The floorplan includes one room on the opposite side of the house, perfect for an office, with it's own mini-split AC unit to keep the room extra cool. Relax in the grassy backyard under the covered patio. Backyard also has an RV gate and 20'x8' Tuff Shed. You can't beat the location of this home! Conveniently located in Optimist Park with easy access to shopping, restaurants and the Loop-101 and US-60.
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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 | $1,710 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$263 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$101
|
||
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.
$400,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.43%
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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
4.08
YEARS SAVED
$14,965
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
-
$1,861
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
2119 E Tulane Drive Tempe, AZ 1
- 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1976
- 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
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
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
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,950
- $1.10
-
2152 E Apollo Avenue Tempe, AZ 5
- 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1977
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,050
- $1.15
PROPERTY LISTING DETAILS
Real Estate Brokers Intl
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184912
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
