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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $229.74
- 3 Days on Market
- MLS # : 6193193
- Updated Date : 02/12/2021 at 00:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,567 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Extremely sharp move-in ready home in excellent location! Located near freeways, shopping, and nestled in cul-de-sac less than 100 yards from the refreshing community pool. This beautiful home is complete with vaulted ceilings, huge balcony off of the master bedroom, remodeled kitchen with stainless steel appliances, white cabinets, and granite countertops. Plenty of storage with built-in cabinets in the garage. Private location in a cul-de-sac with no neighbor behind. Newer water heater & HVAC/AC. This one won't last, so schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Terrace Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terrace Walk
* 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 | -$1,250 |
| Property Tax | -$260 | |
| Property Insurance | -$58 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$87
|
||
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.
$360,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
3.83
YEARS SAVED
$12,816
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
-
$1,786
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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518 W Dennis Court Tempe, AZ 1
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- Rent
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- $1,600
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- $1,750
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7211 S Roberts Road Tempe, AZ 4
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1996
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.21
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1027 W Paseo Way Tempe, AZ 5
- 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,709 Sqft ∙ Built 1994
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,979
- $1.16
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193193
Last Updated: 02/12/2021
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.
