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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $317.40
- 3 Days on Market
- MLS # : 6164753
- Updated Date : 11/27/2020 at 14:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,339 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
STUNNING remodeled Tempe home! Bright & spacious open floor plan with great room flowing to the dining space & kitchen. Kitchen features custom sage green Shaker cabinetry, quartz counters & butcher block island, NEW stainless steel appliances, and modern tile backsplash. Custom barn door leads to HUGE walk-in pantry/ laundry room with open shelving & cabinets. The bedrooms are spacious & bright and the master bedroom features an en suite bath & French door exit to the backyard. Bathrooms feature new vanity, custom tiled shower surround, and modern brushed nickel fixtures & finishes. Newly painted inside & out, with wood look tile flooring, modern baseboard trim, and upgraded light fixtures t/o. French doors lead to the backyard with expansive covered patio, grassy yard, and shed. NO HOA!
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PRICE & RENT TRENDS
Neighborhood: Papago - North Tempe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Papago - North Tempe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$191 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$272
|
||
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.
$425,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 11.1% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
2.67
YEARS SAVED
$10,824
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,834
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
425 E Fillmore Street Tempe, AZ 1
- 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,640
- $1.22
-
1921 N Cavalier Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1962
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,750
- $1.21
-
6713 E Latham Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.38
-
36 E Fillmore Street Tempe, AZ 4
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,025
- $1.49
-
7025 E Culver Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1958
LEASED 02/10/20- Rent
- Rent Per SQFT
- $2,150
- $1.40
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164753
Last Updated: 11/27/2020
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.
