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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $225.54
- 4 Days on Market
- MLS # : 6180809
- Updated Date : 01/14/2021 at 17:34
CONSTRUCTION
- Beds : 4
- Floor Size : 1,840 sqft
- Baths : 2 full
Listing Agent
Balboa Realty, Llc
Listing Agent's Description
Come see this recently remodeled home in Tempe located conveniently off the 101. As you pull up you will notice the fresh white and black paint scheme on this cute ranch style home. Inside you will find luxury vinyl plank flooring throughout the common areas and hallways. Around the corner is the kitchen with white white shaker cabinets, stainless steel appliances, quartz countertops and backsplash. Down the hall is a guest bath and 3 guest bedrooms. Around the corner is the master suite with walk in closet, tiled shower and slider door out to the backyard with large covered patio and fresh sod.
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PRICE & RENT TRENDS
Neighborhood: Broadway Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Broadway Palms
* 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 | -$1,441 |
| Property Tax | -$249 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$57
|
||
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.
$415,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
6.42
YEARS SAVED
$30,735
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,895
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2305 E Alameda Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $1.04
-
2355 E Alameda Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1974
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,850
- $1.07
-
3016 S George Drive Tempe, AZ 2
- 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1972
![property image]()
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
2242 E Geneva Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1971
![property image]()
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,900
- $1.06
-
2627 S Bala Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1978
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
PROPERTY LISTING DETAILS
Balboa Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180809
Last Updated: 01/14/2021
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.
