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3305 S Holbrook Lane Tempe, AZ 85282

4 Beds 2 Baths 1,872 sqft Built 1974

$469,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $251.01
  • 4 Days on Market
  • MLS # : 6175906
  • Updated Date : 12/31/2020 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Weichert, Realtors - Courtney Valleywide

Listing Agent's Description

Oh-My-Lanta. This remodeled home is perfect. This home has completely been remastered with new floors, new custom bathrooms, and a brand new open concept kitchen. The kitchen features soft close cabinets, new sink and new appliances.. and that herringbone backsplash is everything!! The backyard has new pavers ready for entertaining on this large lot.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alameda

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Alameda

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001711

* 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
Curry Elementary School Primary Regular 560 34 3
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Curry Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 34
3
GreatSchools Rating

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,734
Property Tax -$310
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$54

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.

$469,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$40,770

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,260

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$1,9504$1,9955$2,260
$2,260
RENT COMPS ANALYSIS
  • 3305 S Holbrook Lane Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.21
    •  
  • 3139 S Fairfield Drive Tempe, AZ 1
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1973
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 1960 E Cairo Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1970
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
  • 1905 E Del Rio Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1969
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
  • 1903 E Hermosa Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1969
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jillian L Haefs
Weichert, Realtors - Courtney Valleywide
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175906
Last Updated: 12/31/2020
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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