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1020 E Sandpiper Drive Tempe, AZ 85283

5 Beds 3 Baths 3,048 sqft Built 1977

$460,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $150.92
  • 4 Days on Market
  • MLS # : 6153566
  • Updated Date : 11/07/2020 at 09:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,048 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Awesome Tempe home in The Lakes for sale! Located on a private corner lot in ''The Island'', this charming home offers pride of ownership and tons of space. Just steps inside, you're greeted by the hardwood stair foyer and beautifully tiled living/dining space featuring plantation shutters. The kitchen is light and bright, featuring plenty of eat-in space, granite breakfast bar, and plenty of windows to let light in. The large family room has its own wood burning fireplace, built in shelving, and gorgeous wood beams. Upstairs, there's the four spacious secondary bedrooms and a gorgeous observation deck, perfect for enjoying the wonderful Arizona sunsets & evenings. The master bedroom itself has a massive closet that won't disappoint, with its own access to the observation deck.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k372k

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

Neighborhood: The Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $10002037

* 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
Rover Elementary School Primary Regular 511 29 7
Rover Elementary School Middle Regular 511 29 7
Marcos De Niza High School High Regular 1,582 76 4

Rover Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 29
7
GreatSchools Rating

Rover Elementary School

  • Education Level: Middle
  • # of students: 511
  • # of teachers: 29
7
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,697
Property Tax -$351
Property Insurance -$87
HOA -$35
Property Management Fees -$99
CASH FLOW
$101

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.

$460,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$20k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$40,542

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
  • $2,388

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,2504$2,800
$2,800
RENT COMPS ANALYSIS
  • 1020 E Sandpiper Drive Tempe, AZ 1
    • 5 beds 3 baths ∙ 3,048 Sqft ∙ Built 1977 5 beds 3 baths ∙ 3,048 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 315 E Fairmont Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 1963
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
  • 5627 S Jolly Roger Road Tempe, AZ 3
    • 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 1972 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 1972
    property image
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 6908 S Clark Drive Tempe, AZ 4
    • 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153566
Last Updated: 11/07/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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