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3115 S Harl Avenue Tempe, AZ 85282

3 Beds 2 Baths 1,410 sqft Built 1967

$314,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
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!

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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

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
$1,375
1$1,3752$1,5203$1,5504$1,6755$1,695
$1,695
RENT COMPS ANALYSIS
  • 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
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162451
Last Updated: 11/19/2020
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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