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5539 S Mitchell Drive Tempe, AZ 85283

2 Beds 1 Baths 988 sqft Built 1981

$242,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $245.85
  • 3 Days on Market
  • MLS # : 6172833
  • Updated Date : 12/18/2020 at 14:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 988 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this charming 2 bedroom, 1 bathroom home with a covered patio! The u-shaped kitchen has matching appliances and plenty of counter space to cook your favorite meals. Continue to the primary bedroom which gets plenty of natural light and has a ton of closet space! Sip your morning coffee in the private backyard with a covered patio. Outdoor activity is less than 10 minutes away at Kiwanis Park!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pepperwood Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Pepperwood Townhomes

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9671703

* 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
Wood Elementary School Primary Regular 582 33 4
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Wood Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 33
4
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
 

$218,610$267,190$242,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$896
Property Tax -$160
Property Insurance -$46
HOA -$56
Property Management Fees -$99
CASH FLOW
-$58

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.

$242,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,119

INVESTMENT

$70,119

Down Payment
$60,725
Rehab Estimate
$5,750
Closing Costs
$3,644

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,725
Loan Amount $182,175
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,259

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,200

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,114

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,3254$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 5539 S Mitchell Drive Tempe, AZ 2
    • 2 beds 1 baths ∙ 988 Sqft ∙ Built 1981 2 beds 1 baths ∙ 988 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.21
    •  
  • 1013 W Westchester Avenue Tempe, AZ 1
    • 2 beds 3 baths ∙ 1,166 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,166 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 1222 W Baseline Road #115 Tempe, AZ 3
    • 2 beds 3 baths ∙ 1,119 Sqft ∙ Built 1995 2 beds 3 baths ∙ 1,119 Sqft ∙ Built 1995
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.18
    •  
  • 5400 S Hardy Drive #123 Tempe, AZ 4
    • 2 beds 3 baths ∙ 1,217 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,217 Sqft ∙ Built 1999
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
  • 5400 S Hardy Drive #105 Tempe, AZ 5
    • 2 beds 3 baths ∙ 1,217 Sqft ∙ Built 2000 2 beds 3 baths ∙ 1,217 Sqft ∙ Built 2000
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172833
Last Updated: 12/18/2020
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.

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