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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $213.37
- 6 Days on Market
- MLS # : 6173894
- Updated Date : 12/22/2020 at 15:32
CONSTRUCTION
- Beds : 4
- Floor Size : 1,593 sqft
- Baths : 2 full
Listing Agent
Tierra Bella Realty
Listing Agent's Description
**NOT FOR RENT** BLOCK HOME** CONVENIENT LOCATION ** Located in a cozy established neighborhood, this spacious 4 Bedroom/2 Bath block home has that space you've been looking for! All bedrooms are on one side of the house, split in the middle by the Living Room and the kitchen/ Great Room on the other side! The backyard has an extended covered patio, provides plenty of room and is a clean slate ready for you to design your dream backyard, The 2 Car Garage has the laundry hook-up inside. Convenient location near shopping, dining, schools and only minutes away from the US60 and 101 freeways, yet not too close to where you can hear the cars. This one won't last long, better come and view it TODAY!
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PRICE & RENT TRENDS
Neighborhood: Optimist Park Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Optimist Park Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$224 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$165
|
||
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.
$339,900
PROJECTED PRICE
$1,800
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.3% |
| 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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
7.92
YEARS SAVED
$40,959
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,760
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
5409 S Hazelton Lane Tempe, AZ 1
- 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1932 E Auburn Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1972
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.10
-
1915 E Colgate Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1972
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,725
- $1.06
-
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
-
1868 E Auburn Drive Tempe, AZ 5
- 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
PROPERTY LISTING DETAILS
Tierra Bella Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173894
Last Updated: 12/22/2020
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.
