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5633 S Hurricane Court #C Tempe, AZ 85283

2 Beds 3 Baths 1,242 sqft Built 1971

$282,500

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $227.46
  • 1 Days on Market
  • MLS # : 6207121
  • Updated Date : 03/14/2021 at 02:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,242 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ventana Fine Properties

Listing Agent's Description

This remodeled townhouse is ''over the top'' amazing. The owner was meticulous in his vision for the sleek Farmhouse makeover. A unique charm will win you over as soon as you enter the home. With an under-stair nook, spacious living room with flush TV Mount and hidden wiring, to the open dining space and ''WOW'' kitchen - Oh and don't miss the half bath on first floor. The finishes are spectacular with new textured walls, paint, ceiling fans, laminate floor throughout (living/dining rooms) to the complete kitchen upgrade. The kitchen has all new shaker cabinetry with built-in pantry, quartz countertops, all new appliances, stainless deep sink with cutting board, stainless sprayer faucet, crisp light fixtures and a killer range and hood. (See document tab for complete feature list.)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lake Park Villas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $72k358k

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

Neighborhood: Lake Park Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7341981

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

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
 

$254,250$310,750$282,500

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$981
Property Tax -$186
Property Insurance -$51
HOA -$334
Property Management Fees -$99
CASH FLOW
-$202

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.

$282,500

PROJECTED PRICE

$1,450

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

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

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$80,613

INVESTMENT

$80,613

Down Payment
$70,625
Rehab Estimate
$5,750
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$981

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,710

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
  • $1,441

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,2254$1,2305$1,300
$1,300
RENT COMPS ANALYSIS
  • 5633 S Hurricane Court #c Tempe, AZ 1
    • 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1402 E Guadalupe Road #235 Tempe, AZ 2
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1985
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.12
    •  
  • 1402 E Guadalupe Road #142 Tempe, AZ 3
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1984
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.15
    •  
  • 1402 E Guadalupe Road #256 Tempe, AZ 4
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1984
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.15
    •  
  • 1402 E Guadalupe Road #202 Tempe, AZ 5
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1986
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.22
    •  
PROPERTY LISTING DETAILS
Christina Catalano
Ventana Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207121
Last Updated: 03/14/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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