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4616 S Poplar Street Tempe, AZ 85282

3 Beds 2 Baths 1,832 sqft Built 1971

$427,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $233.08
  • 8 Days on Market
  • MLS # : 6157950
  • Updated Date : 11/14/2020 at 08:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,832 sqft
  • Baths : 2 full
Listing Agent

Next Page Realty Llc

Listing Agent's Description

REMODELED TEMPE HOME! This cul-de-sac lot with split floorplan in Tempe Gardens. This home is remodeled inside and out! From the comfortable interior feel to resurfaced (2019) pebble tech diving pool. The kitchen is spectacular with granite tops and an open island! New windows!! Both bathrooms are recently remodeled. There is a RV gate to back alley, large laundry room and roof replaced 2014.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kiwanis - the Lakes

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k358k

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

Neighborhood: Kiwanis - the Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9681981

* 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
Arredondo Elementary School Primary Regular 350 21 5
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Arredondo Elementary School

  • Education Level: Primary
  • # of students: 350
  • # of teachers: 21
5
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
 

$384,300$469,700$427,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,575
Property Tax -$281
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$189

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.

$427,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$118,905

INVESTMENT

$118,905

Down Payment
$106,750
Rehab Estimate
$5,750
Closing Costs
$6,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,750
Loan Amount $320,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,979

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,665
1$1,6652$1,8303$1,9954$2,0995$2,195
$2,195
RENT COMPS ANALYSIS
  • 4616 S Poplar Street Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.00
    •  
  • 4810 S Birch Street Tempe, AZ 1
    • 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $1.01
    •  
  • 4424 S Willow Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1969
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 1702 E Minton Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1970
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.13
    •  
  • 1405 E Fremont Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1970
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.19
    •  
PROPERTY LISTING DETAILS
Angelo Salvatore Youngren
Next Page Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157950
Last Updated: 11/14/2020
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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