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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $187.63
- 2 Days on Market
- MLS # : 6165516
- Updated Date : 11/28/2020 at 01:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,345 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Beautifully remodeled home in Warner Ranch Community, located in the highly sought-after South Tempe area. This 4 bedroom,2.75 bath home has a welcoming layout with gorgeous, upgraded finishes throughout that tie together the cohesive and contemporarystyle of a sleek and modern palette. Stunning stone-tile fireplace; granite countertops; wood-tile flooring; large Master Bedroom withgenerous on-suite bathroom; one bedroom downstairs with full bath; vaulted ceilings; flexible living spaces for multi-purpose use. Brandnew A/C heat pump for upstairs installed in 2020. Easy-to-maintain back and front yards, with HOA maintaining street-side of the frontyard. Beautiful community with walkable greenbelt running throughout, community pool and spa, and several parks within walking distance
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PRICE & RENT TRENDS
Neighborhood: Warner Ranch Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Warner Ranch Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$318 | |
| Property Insurance | -$73 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$151
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$440,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
3.5
YEARS SAVED
$16,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,128
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
32 E Greentree Drive Tempe, AZ 1
- 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,990
- $0.85
-
445 W Pecan Place Tempe, AZ 2
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1994
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.87
-
5922 W Gary Drive Chandler, AZ 3
- 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,195
- $0.87
-
5203 W Megan Street Chandler, AZ 4
- 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,195
- $0.94
-
153 W Myrna Lane Tempe, AZ 5
- 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1985
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165516
Last Updated: 11/28/2020
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.
