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2711 W Carson Drive Tempe, AZ 85282

3 Beds 2 Baths 1,074 sqft Built 1956

$275,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $256.05
  • 4 Days on Market
  • MLS # : 6177809
  • Updated Date : 01/07/2021 at 04:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,074 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Great three bedroom, two bathroom home in Tempe with easy freeway access. It is in walking distance to parks. It has been recently updated with a modern master bathroom, new roof, guest bedroom built-in Murphy bed and beautiful shaded backyard with paver patio. This home has plenty of natural light and tile throughout. Definitely a must see. Showings through Sunday and all offers will be reviewed on Monday.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tempe South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Tempe South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611703

* 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
Frank Elementary School Primary Regular 565 35 1
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Frank Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 35
1
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$955
Property Tax -$181
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$33

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.

$275,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,249

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2503$1,2504$1,2955$1,495
$1,495
RENT COMPS ANALYSIS
  • 2711 W Carson Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,074 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,074 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.16
    •  
  • 2228 W Fremont Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1974
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.19
    •  
  • 2326 W Carson Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1974
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.19
    •  
  • 4520 S Fair Lane Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1957
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.12
    •  
  • 4536 E Lynne Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1971
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.15
    •  
PROPERTY LISTING DETAILS
Donna Murphy
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177809
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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