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3019 S Harl Avenue Tempe, AZ 85282

4 Beds 2 Baths 1,730 sqft Built 1968

$359,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $207.51
  • 3 Days on Market
  • MLS # : 6181139
  • Updated Date : 01/15/2021 at 20:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,730 sqft
  • Baths : 2 full
Listing Agent

Az Flat Fee

Listing Agent's Description

Fully Updated Tempe single level home with upgraded modern touches. This clean move-in ready home features wonderful grassy front yard, RV gate, carport parking and a cozy deck perfect for your morning coffee. Be impressed by the immaculate open floor you'll find inside, fireplace in the living area, and a dining room next to airy french doors that lead to the back patio. The gorgeous kitchen features high-end SS appliances, tile backsplash, exquisite white cabinets, pantry and a breakfast bar island. The main bedroom with plush carpet includes his & her closets, and a private bath with tiled shower. Convenient den is perfect for an office or an extra bedroom. A great backyard with a refreshing pool and covered patio. Don't miss an opportunity! Call now to arrange a showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peterson Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $92k290k

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

Neighborhood: Peterson Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8111703

* 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
Holdeman Elementary School Primary Regular 618 36 2
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Holdeman Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 36
2
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
 

$323,100$394,900$359,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,247
Property Tax -$236
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$607

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.

$359,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$79,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6253$1,6954$1,9005$1,925
$1,925
RENT COMPS ANALYSIS
  • 3019 S Harl Avenue Tempe, AZ 1
    • 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1143 W Santa Cruz Drive Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.09
    •  
  • 2108 W Hermosa Drive Tempe, AZ 3
    • 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1978
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 3213 S Albert Avenue Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1968
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
  • 1041 W 18th Street Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1959
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.06
    •  
PROPERTY LISTING DETAILS
Richard Harless
Az Flat Fee
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181139
Last Updated: 01/15/2021
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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