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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $226.27
- 4 Days on Market
- MLS # : 6176029
- Updated Date : 01/01/2021 at 16:01
CONSTRUCTION
- Beds : 2
- Floor Size : 1,633 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Great location in heart of Tempe. Ideal for family or college students. Close to ASU, shopping, schools, bus line. EZ access to US60/ I-10. Nice curb appeal with easy care front landscape. Freshly painted, in & out. Solid Block construction. Generous sized separate living room. Spacious Kitchen/Fam rm Combo w/ SS Refrig, Bosch dishwasher, Range/oven, Built-in Microwave and Breakfast bar. Roomy MBR. Lrg 2nd bdr (23x10.5ft) with sitting area/office/study. Originally 3bdr home, possibly converted to 3bdr if needed. Covered patio with add'l storage overlooks Pool. Lrg backyard w/Block fence. RV gate off alley to concrete parking slab and storage shed. Rear yard needs landscaping to enhance appearance.
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PRICE & RENT TRENDS
Neighborhood: Alameda Campus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alameda Campus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,363 |
| Property Tax | -$243 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$65
|
||
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.
$369,500
PROJECTED PRICE
$1,830
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$103,668
LOAN DETAILS
$1,363
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,375 |
| Loan Amount | $277,125 |
6.42
YEARS SAVED
$32,246
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
-
$1,674
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
605 E Alameda Drive Tempe, AZ 1
- 2 beds 2 baths ∙ 1,633 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,633 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1405 E Malibu Drive Tempe, AZ 2
- 2 beds 2 baths ∙ 1,704 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,704 Sqft ∙ Built 1970
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,500
- $0.88
-
325 E Huntington Drive Tempe, AZ 3
- 2 beds 2 baths ∙ 1,431 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,431 Sqft ∙ Built 1972
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,550
- $1.08
-
625 W 17th Place #b Tempe, AZ 4
- 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1957 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1957
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,600
- $1.10
-
5523 S Jolly Roger Road Tempe, AZ 5
- 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,726 Sqft ∙ Built 1971
![property image]()
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,795
- $1.04
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176029
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
