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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $247.10
- 2 Days on Market
- MLS # : 6168208
- Updated Date : 12/05/2020 at 12:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,416 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This charming home in Tempe is the one! Great location within walking distance of the nearby elementary school, just minutes to Arizona Mills shopping, dining and entertainment and convenient access to major freeways. This home is on a huge lot with well maintained landscaping with mature trees, beautiful sparkling pool and no HOA! The wonderful floorplan features 3 bedrooms, a front living room, updated bathrooms with custom tile showers and a beautifully updated kitchen with granite countertops, mosaic tile backsplash, stainless steel appliances and breakfast bar seating. This home is great for entertaining with the family room and dining flowing together and features a cozy fireplace and two french doors accessing the backyard. Don't miss the chance to call this gem your home!
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PRICE & RENT TRENDS
Neighborhood: Pepperwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pepperwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$230 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$215
|
||
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.
$349,900
PROJECTED PRICE
$1,460
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
2.58
YEARS SAVED
$8,422
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,565
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
834 W Julie Drive Tempe, AZ 2
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,460
- $1.03
-
8610 S Avenida Del Yaqui Avenue Guadalupe, AZ 1
- 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1981
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,399
- $1.08
-
1026 W Libra Drive Tempe, AZ 3
- 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1995
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,600
- $1.10
-
940 W Oxford Drive Tempe, AZ 4
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,600
- $1.07
-
1013 W Cornell Drive Tempe, AZ 5
- 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1980
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,613
- $1.17
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168208
Last Updated: 12/05/2020
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.
