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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $154.29
- 4 Days on Market
- MLS # : 6174284
- Updated Date : 12/24/2020 at 09:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,750 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Seago
Listing Agent's Description
Light & bright, this 3 bedrooms, 2.5 bathrooms home has a 2 car carport and spacious patio. Ceiling fans throughout, inside laundry and all appliances are included. Master bedroom has 2 spacious walk-in closets and home is a stone's throw from the community pool. Convenient South Tempe location near dining, shopping, schools, Kiwanis Park, Western Canal path and ASU Research Park. Near Loops 101 & 202, US60 and I-10. Just minutes away from ASU, Downtown Tempe, ASU Research Park and Sky Harbor Airport. This home is a must see!
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PRICE & RENT TRENDS
Neighborhood: Knoell Ville Monaco
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Knoell Ville Monaco
* 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 | -$996 |
| Property Tax | -$178 | |
| Property Insurance | -$61 | |
| HOA | -$168 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$448
|
||
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.
$270,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 9.6% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
12.92
YEARS SAVED
$65,141
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
-
$1,943
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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5258 S Deborah Drive Tempe, AZ 1
- 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1946 E Ellis Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1971
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
-
2038 E Harvard Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1974
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,825
- $1.10
-
5460 S Kenwood Lane Tempe, AZ 4
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.14
-
1952 E Rice Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1980
LEASED 12/15/20- Rent
- Rent Per SQFT
- $2,195
- $1.20
PROPERTY LISTING DETAILS
Century 21 Seago
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174284
Last Updated: 12/24/2020
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.
