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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $223.33
- 4 Days on Market
- MLS # : 6162451
- Updated Date : 11/19/2020 at 12:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,410 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This charming 3 bedroom, 2 bathroom home has no HOA and is just 10 minutes from downtown Tempe! The living room flaunts a beautiful stone fireplace and hardwood-like flooring. The eat-in kitchen has a spacious breakfast bar, matching appliances, and plenty of cabinet space to store your cooking supplies! Retreat to the primary bedroom where you'll enjoy a private en suite bathroom. In the backyard, you'll enjoy a large, covered patio- perfect for relaxing in the afternoons and getting some fresh air! This delightful home is located near shops, restaurants, I-10, downtown Tempe, and ASU!
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PRICE & RENT TRENDS
Neighborhood: Peterson Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peterson Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$207 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$3
|
||
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.
$314,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,199
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
5.67
YEARS SAVED
$23,139
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,625
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
3115 S Harl Avenue Tempe, AZ 2
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $1,520
- $1.08
-
1438 W La Jolla Drive Tempe, AZ 1
- 3 beds 3 baths ∙ 1,223 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,223 Sqft ∙ Built 1984
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,375
- $1.12
-
4701 E Chambers Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.20
-
713 W Hermosa Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,675
- $1.15
-
2126 W Hermosa Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,695
- $1.14
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162451
Last Updated: 11/19/2020
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.
