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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $323.08
- 5 Days on Market
- MLS # : 6191821
- Updated Date : 02/10/2021 at 21:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,919 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This exquisite Mid-Century Modern gem of a home has been lovingly renovated and meticulously updated, resulting in the perfect combination of vintage charm and modern convenience walking distance to Arizona State University! New EVERYTHING...NEW front & rear landscape, NEW windows & doors, NEW interior utilities, NEW kitchen, and the list goes on! The heart of the home is an open-concept living/dining kitchen ideal for entertaining! This stylish abode features 3 bedrooms, 2 bathrooms in the main home + 300sf garage + 170sf detached shed/office which is adjacent to the private oasis backyard! Top Quality and perfection this Tempe beauty is ready to ENJOY!
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PRICE & RENT TRENDS
Neighborhood: Downtown Tempe - Rio Salado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Downtown Tempe - Rio Salado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$2,153 |
| Property Tax | -$408 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$845
|
||
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.
$620,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 2.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$170,050
LOAN DETAILS
$2,153
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
0.25
YEARS SAVED
$121
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
-
$2,092
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
602 E Encanto Drive Tempe, AZ 1
- 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1416 S College Avenue Tempe, AZ 2
- 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1950
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
610 E Alameda Drive Tempe, AZ 3
- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1963
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,950
- $0.98
-
1128 E Broadmor Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 1966
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,395
- $1.15
-
1421 S Oakley Place Tempe, AZ 5
- 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1952
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.28
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191821
Last Updated: 02/10/2021
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.
