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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $260.09
- 2 Days on Market
- MLS # : 6184803
- Updated Date : 01/23/2021 at 00:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,288 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
You will love this 3 bedroom, 2 bath, Single family home with a pool in Tempe with NO HOA- all for under $350,000! Well-maintained home with tons of charm ready to make your own.This neighborhood park has a playground, basketball court, community garden, large grassy area and much more. There is a walking/bike path along canal, easy access to 101 and 60 freeways and free Orbit bus and city bus stops. Minutes from restaurants and shopping. Backyard with fenced-in diving pool and patio for year round enjoyment. 2016 Trane A/C unit with 10-year warranty. Don't miss this one- it's sure to go FAST!
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PRICE & RENT TRENDS
Neighborhood: Alameda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alameda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$201 | |
| Property Insurance | -$52 | |
| 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 14% of earned rent to cover both maintenance and periods of vacancy.
$335,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.4% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
3.58
YEARS SAVED
$10,423
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,484
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
2349 E La Jolla Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $1,380
- $1.07
-
1051 S Dobson Road #24 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974
LEASED 09/13/20- Rent
- Rent Per SQFT
- $1,295
- $1.12
-
2446 E Manhatton Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,495
- $1.16
-
2424 W Jacinto Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.20
-
2514 S Cottonwood Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1976
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.13
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184803
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.
