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3518 S Margo Drive Tempe, AZ 85282

2 Beds 1 Baths 1,040 sqft Built 1970

$325,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $312.50
  • 2 Days on Market
  • MLS # : 6190856
  • Updated Date : 02/07/2021 at 01:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

This seller has gradually upgraded this charming home in the heart of Tempe! 2016: removed popcorn ceilings, installed dual pane windows, lights and fans, exterior ally gate and side gate. 2017: new A/C, stove, pool pump, garage door, electrical panel, electrical wiring in kitchen, bathroom, living room and bathroom. 2017: bathroom vanity, garbage disposal, microwave. 2018: new pool sand filter, permitted patio cover with mister and can lights, water heater, plank tile flooring, all baseboards, brushed nickel fixtures, all blinds, irrigation front and back, pergola. 2019: new tiled tub/shower, replaced all interior doors and frames. 2020: exterior repainted, new kitchen cabinets and counters, computer data wiring in each room. 2021: new roof being installed February 22, 2021.

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
Carminati Elementary School Primary Regular 372 24 4
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Carminati Elementary School

  • Education Level: Primary
  • # of students: 372
  • # of teachers: 24
4
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$1,129
Property Tax -$214
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$329

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.

$325,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,402

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
  • $1,160

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9253$1,0004$1,0505$1,350
$1,350
RENT COMPS ANALYSIS
  • 3518 S Margo Drive Tempe, AZ 1
    • 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1970 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 516 W La Jolla Drive Tempe, AZ 2
    • 2 beds 1 baths ∙ 850 Sqft ∙ Built 1977 2 beds 1 baths ∙ 850 Sqft ∙ Built 1977
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $1.09
    •  
  • 537 W Pebble Beach Drive Tempe, AZ 3
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1973 2 beds 1 baths ∙ 900 Sqft ∙ Built 1973
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.11
    •  
  • 4712 E Broadway Road Phoenix, AZ 4
    • 2 beds 1 baths ∙ 924 Sqft ∙ Built 1972 2 beds 1 baths ∙ 924 Sqft ∙ Built 1972
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.14
    •  
  • 633 W Southern Avenue #1103 Tempe, AZ 5
    • 2 beds 2 baths ∙ 1,202 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,202 Sqft ∙ Built 1983
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.12
    •  
PROPERTY LISTING DETAILS
Hilarie M Decesare
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190856
Last Updated: 02/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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