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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $217.39
- 3 Days on Market
- MLS # : 6184454
- Updated Date : 01/22/2021 at 18:18
CONSTRUCTION
- Beds : 4
- Floor Size : 1,840 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Take a look at this two-story level property located in desirable Tempe! This home offers roomy bedrooms, low maintenance front yard, and a 2 car garage plus slab. Interior is so inviting and features designer paint, tiled flooring, decorative lighting, carpet in all bedrooms, large living & dining areas, and a cozy family room adjacent to the kitchen. Enjoy cooking in this efficient kitchen boasting granite countertops, oak cabinets, and high-end appliances needed for a perfect home meal. The master bedroom provides a walk-in closet and a full bathroom with a separate tub, step-in shower, double-sink vanity, and a private toilet room. Have fun in this charming backyard with natural grass and a covered patio perfect for relaxing afternoons. Make this gem yours now. Start calling!
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PRICE & RENT TRENDS
Neighborhood: Parke Tempe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parke Tempe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$289 | |
| Property Insurance | -$63 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$176
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$400,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
3.08
YEARS SAVED
$9,842
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,665
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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354 W Bolero Drive Tempe, AZ 2
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LEASED 02/17/20- Rent
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- $1,650
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490 E Krista Way Tempe, AZ 3
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
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-
380 W Palomino Drive Tempe, AZ 4
- 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994
LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,895
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-
148 W Dawn Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1986
LEASED 08/20/19- Rent
- Rent Per SQFT
- $1,900
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184454
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
