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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $195.93
- 4 Days on Market
- MLS # : 6177645
- Updated Date : 01/15/2021 at 16:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,016 sqft
- Baths : 2 full , 1 half
Listing Agent
Hague Partners
Listing Agent's Description
72hour home sale! Inquire now! Welcome to the exclusive 23 home community of Spring Meadows in Tempe. This beautifully maintained 4bd/2.5ba home offers comfortable living, plenty of natural sunlight throughout, a great floorplan and just minutes from ASU, parks, restaurants, freeways and shopping. Enter the home into the family room with high ceilings, neutral paint throughout, a beautiful kitchen that includes granite countertops, pantry, center island, stainless steel appliances, and plenty of cabinetry space. Master suite with walk-in closet, full bath, separate tub, step-in shower, and double sinks. Backyard features an extended covered patio and low maintenance landscaping. Don't miss out on this one. Contact CLA for showing info!
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PRICE & RENT TRENDS
Neighborhood: Mills - Emerald
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mills - Emerald
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$260 | |
| Property Insurance | -$66 | |
| HOA | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$79
|
||
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.
$395,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.5% |
| 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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
6.5
YEARS SAVED
$30,113
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,981
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
513 W Julie Drive Tempe, AZ 2
- 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
521 W Julie Drive Tempe, AZ 1
- 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006
![property image]()
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,825
- $0.91
-
596 W Westchester Avenue Tempe, AZ 3
- 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,149
- $0.98
-
6126 S Roosevelt Street Tempe, AZ 4
- 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,199
- $1.00
-
577 W Westchester Avenue #15 Tempe, AZ 5
- 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019
![property image]()
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,295
- $1.04
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177645
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
