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25 E Garfield Street Tempe, AZ 85281

4 Beds 2 Baths 1,702 sqft Built 1960

$485,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $284.96
  • 1 Days on Market
  • MLS # : 6187968
  • Updated Date : 01/31/2021 at 03:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,702 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful and chic Tempe home, right on the Scottsdale border! Boasting 4 beds & 2 baths, a gorgeous yard & a VERY large shed ready to be turned into home office or SHE/HE SHED! An immense amount of love & attention has been given to each detail, from the upscale farmhouse sink, the high-end SS appliances (a double oven, too!), the hand-crafted barndoors, and the sparkling chandeliers, the new owner of this home will feel like royalty. Each bathroom has been pristinely planned with hand-crafted vanities, chic style, as well as ornate tile & beauty everywhere. Located in a quiet neighborhood with sweet neighbors, life will feel relaxed & tranquil. So close to ASU, Tempe Town Lake & the heart of Scottsdale, & almost right next door to Papago hiking trails. Falling in love will be easy.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canal Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k299k

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

Neighborhood: Canal Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7361820

* 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
Coronado High School High Unknown NA

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

Coronado High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,685
Property Tax -$218
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$42

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.

$485,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$27,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,174

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9953$2,0204$2,3005$2,445
$2,445
RENT COMPS ANALYSIS
  • 25 E Garfield Street Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.19
    •  
  • 203 E Fillmore Street Tempe, AZ 1
    • 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1960
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
  • 111 E Mckinley Street Tempe, AZ 2
    • 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 4
    • 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
    •  
  • 6631 E Culver Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1959
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.43
    •  
PROPERTY LISTING DETAILS
Erinn Barnes
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187968
Last Updated: 01/31/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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