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805 W 12th Street Tempe, AZ 85281

4 Beds 3 Baths 1,684 sqft Built 1951

$417,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $247.62
  • 4 Days on Market
  • MLS # : 6192728
  • Updated Date : 02/12/2021 at 02:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,684 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Completely renovated 4BR/3BA + DEN home offers nearly 1,700 SF in an AMAZING Tempe location! Entertain in the spacious kitchen offering stainless steel appliances, granite countertops, and tons of storage! Getaway to the low maintenance backyard featuring an extended covered patio, and finished 10x20 Weatherking shed! FIVE MINUTES from Arizona State University, shopping, and dining! 10 minutes from the Loop 202, US60 FWY, and I-10! Tenants in place until November 2021!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mitchell Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $108k290k

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

Neighborhood: Mitchell Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7301703

* 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
Holdeman Elementary School Primary Regular 618 36 2
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Holdeman Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 36
2
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$375,300$458,700$417,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,448
Property Tax -$275
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$42

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.

$417,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,255

INVESTMENT

$116,255

Down Payment
$104,250
Rehab Estimate
$5,750
Closing Costs
$6,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,448

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,250
Loan Amount $312,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,840
1$1,8402$1,9753$2,1254$2,2005$2,495
$2,495
RENT COMPS ANALYSIS
  • 805 W 12th Street Tempe, AZ 1
    • 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.09
    •  
  • 1024 W 10th Street Tempe, AZ 2
    • 4 beds 3 baths ∙ 1,554 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,554 Sqft ∙ Built 1960
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.27
    •  
  • 1128 W 12th Place Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1963
    LEASED 01/30/01
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.21
    •  
  • 1007 S Parkside Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1962
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.35
    •  
  • 1029 W Elna Rae Street Tempe, AZ 5
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1959
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.43
    •  
PROPERTY LISTING DETAILS
Mark Captain
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192728
Last Updated: 02/12/2021
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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