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PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $230.62
- 2 Days on Market
- MLS # : 6157792
- Updated Date : 11/07/2020 at 14:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,734 sqft
- Baths : 2 full
Listing Agent
Re/max Foothills
Listing Agent's Description
Charming 4 bedroom 2 bath block home in excellent Tempe location close to freeway access, shopping, schools and hospitals! This beautiful and well cared for home is loaded with updates and upgrades like newer roof, new AC, Stainless steel appliances, updated cabinetry, new energy efficient dual pane low E windows throughout, huge double door sliding wall of glass to the covered patio, new blinds, lighting accents and ceiling fans. Bathrooms are beautifully remodeled. Excellent open floor plan. Large master suite with separate dual closets. Newer paint inside and out. Spacious 2 car garage! Sparkling diving pool with new pump! Private oversized cul-de-sac lot! Long driveway w/ room for RV or Boat! Newer turf backyard, desert front! 4th bedroom currently does not have a closet.
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PRICE & RENT TRENDS
Neighborhood: Alameda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alameda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$240 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
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.
$399,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.4% |
| 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
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
6.42
YEARS SAVED
$34,845
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
3240 S Allred Drive Tempe, AZ 1
- 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2525 E La Jolla Drive Tempe, AZ 2
- 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1970
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.08
-
2540 E Geneva Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1970
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.11
-
2242 E Geneva Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1971
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,900
- $1.06
-
2519 E Geneva Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1970
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.14
PROPERTY LISTING DETAILS
Re/max Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157792
Last Updated: 11/07/2020
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.
