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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $270.16
- 3 Days on Market
- MLS # : 6176111
- Updated Date : 01/02/2021 at 01:31
CONSTRUCTION
- Beds : 2
- Floor Size : 1,451 sqft
- Baths : 2 full , 1 half
Listing Agent
Tyler Properties
Listing Agent's Description
This elegant and spacious condo is in the perfect Downtown Tempe location. Within walking distance of the best dining and entertainment in Tempe. Highlights include 2 Master Suites each with floor to ceiling tile baths, Travertine backyard patio and putting green, upgraded kitchen with new refrigerator and granite counters, stainless steel appliances and an attached two car garage with floor to ceiling storage, epoxy flooring, and a 2nd refrigerator. Alexa compatible Smart Home Technology linked to garage door, front door lock, doorbell, security cameras, thermostat, and interior lighting. Arizona Condominiums is a cozy, safe, and quiet complex of only 7 homes.
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PRICE & RENT TRENDS
Neighborhood: Sunset
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,446 |
| Property Tax | -$301 | |
| Property Insurance | -$55 | |
| HOA | -$250 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$212
|
||
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.
$392,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| 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
$109,630
LOAN DETAILS
$1,446
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,000 |
| Loan Amount | $294,000 |
2.5
YEARS SAVED
$9,010
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
-
$1,937
COMP ESTIMATED VALUE -
$1.34
COMP AVG. RENT PER SQFT
Comps Range
-
312 S Hardy Drive #106 Tempe, AZ 1
- 2 beds 3 baths ∙ 1,451 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,451 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1000 W 5th Street #1018 Tempe, AZ 2
- 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2016 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2016
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,850
- $1.29
-
520 S Roosevelt Street #1013 Tempe, AZ 3
- 2 beds 3 baths ∙ 1,483 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,483 Sqft ∙ Built 2007
![property image]()
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,895
- $1.28
-
675 S Roosevelt Street #5005 Tempe, AZ 4
- 2 beds 3 baths ∙ 1,573 Sqft ∙ Built 2009 2 beds 3 baths ∙ 1,573 Sqft ∙ Built 2009
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.27
-
525 W Lakeside Drive #135 Tempe, AZ 5
- 2 beds 3 baths ∙ 1,336 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,336 Sqft ∙ Built 2006
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,000
- $1.50
PROPERTY LISTING DETAILS
Tyler Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176111
Last Updated: 01/02/2021
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.
