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2413 S Allred Drive Tempe, AZ 85282

4 Beds 2 Baths 1,662 sqft Built 1976

$399,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $240.61
  • 4 Days on Market
  • MLS # : 6153881
  • Updated Date : 11/02/2020 at 12:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Look no further! You've found the home you longed for! Located in Tempe, this 4 bed, 2 bath property boasts grassy and gravel landscaping with a 2 car garage and much, much more! The updated interior has a wide open floor plan with plantation shutters and neutral paint throughout. The gorgeous kitchen is accentuated with staggered cabinetry, granite countertops, tile backsplash, matching stainless steel appliances, pendant lighting, and island with breakfast bar. You'll love the beautiful master bedroom, with its spacious closets and private bath with double sinks. The expansive backyard, with its covered patio and sparkling blue pool, is the perfect place for spending time with friends and loved ones! All this and NO HOA!!! Don't miss out on this great opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Broadway Palms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k291k

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

Neighborhood: Broadway Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001703

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Westwood High School High Regular 3,131 145 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,475
Property Tax -$240
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$144

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.

$399,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$17,335

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,730

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7303$1,7954$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2413 S Allred Drive Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.04
    •  
  • 2311 E Alameda Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1974
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 2182 E Palmcroft Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1970
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 2355 E Alameda Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1974
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 2351 W Del Oro Circle Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1970
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
PROPERTY LISTING DETAILS
Debbi Jacobs
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153881
Last Updated: 11/02/2020
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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