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3106 S Los Feliz Drive Tempe, AZ 85282

3 Beds 2 Baths 1,652 sqft Built 1969

$365,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $220.94
  • 1 Days on Market
  • MLS # : 6200399
  • Updated Date : 02/28/2021 at 02:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Urban Luxe Real Estate

Listing Agent's Description

You will not want to miss this one! You cannot beat this location that is walking distance to schools - McClintock HS and ASU. Turn-key, easy to maintain home and yard! New carpet, new exterior paint, new patio cover, newer roof, newly updated bathrooms and refinished cabinetry in kitchen. Galley-style kitchen includes granite countertops, fridge and pantry. Added storage available in laundry which includes washer and dryer. Great home for entertaining with 3 spacious ''family-style'' rooms - living room with fireplace, family room with extra storage and huge great room large enough for both dining and lounging. Also featuring 3 spacious bedrooms - large master with en suite bath. Both bathrooms updated with new cabinetry and finishes. Pool-sized backyard with firepit. Close to everything!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McClintock

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k291k

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

Neighborhood: McClintock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9711703

* 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
Curry Elementary School Primary Regular 560 34 3
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Curry Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 34
3
GreatSchools Rating

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,268
Property Tax -$240
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$57

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.

$365,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$17,507

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
  • $1,780

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7954$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 3106 S Los Feliz Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2220 S Kachina Drive Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
  • 1732 E Penny Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 1960 E Cairo Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1970
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
  • 1903 E Hermosa Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1969
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.13
    •  
PROPERTY LISTING DETAILS
Temple Blackburn
Urban Luxe Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200399
Last Updated: 02/28/2021
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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