Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5409 S Hazelton Lane Tempe, AZ 85283

4 Beds 2 Baths 1,593 sqft Built 1972

$339,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Optimist Park Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Optimist Park Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $10001981

* 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
Fuller Elementary School Primary Regular 610 34 9
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Fuller Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 34
9
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7254$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 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
Aaron Saenz
Tierra Bella Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173894
Last Updated: 12/22/2020
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.

BESbswy