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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $259.40
- 5 Days on Market
- MLS # : 6171035
- Updated Date : 12/17/2020 at 15:46
CONSTRUCTION
- Beds : 2
- Floor Size : 1,303 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful patio home in coveted Parkside at the Galleria! Private corner lot near community pool and backs to park. Recently remodeled open-concept, updated lighting, beautiful bathrooms, plantation shutters, vaulted ceilings, dual pane windows, newer hot water heater, tiled flooring, and walk-in closet in main bedroom. Kitchen features ample solid wood shaker cabinetry, pull out pantry shelves, breakfast bar, stainless steel appliances, and overlooks front courtyard. Private front courtyard with cactus garden is perfect for morning coffee. Low maintenance backyard with shade structure. Planter box and push mower included. HOA maintains front! Perfectly located in central Tempe near Ken McDonald golf course, ASU, Intel, shopping, restaurants and freeways.
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PRICE & RENT TRENDS
Neighborhood: Parkside at the Galleria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkside at the Galleria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$244 | |
| Property Insurance | -$53 | |
| HOA | -$170 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$73
|
||
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.
$338,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$95,320
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,500 |
| Loan Amount | $253,500 |
4
YEARS SAVED
$14,642
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
-
$1,567
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
7381 S Bonarden Lane Tempe, AZ 1
- 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
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1402 E Guadalupe Road #128 Tempe, AZ 2
- 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1985
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,350
- $1.21
-
7370 S Bonarden Lane Tempe, AZ 3
- 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.23
-
7305 S Bonarden Lane Tempe, AZ 4
- 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,695
- $1.21
-
7331 S Jentilly Lane Tempe, AZ 5
- 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993
LEASED 11/14/20- Rent
- Rent Per SQFT
- $1,695
- $1.16
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171035
Last Updated: 12/17/2020
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.
