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1024 E Vinedo Lane Tempe, AZ 85284

4 Beds 3 Baths 2,621 sqft Built 1986

$600,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $228.92
  • 2 Days on Market
  • MLS # : 6194022
  • Updated Date : 02/13/2021 at 13:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,621 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

On a quiet street in the nexus of south Tempe your new home awaits. Bright and open with lots of natural light coming from the beautiful and calming atrium in the center of your home. Open layout with neutral colors. Entertain friends and family on the large patio while kids play in the pool and others relax in the other seating areas. Your large master shares a two way fireplace with the master bath. Walk to dining, Sprouts and even the pharmacy. Click on the 3D Walkthrough under virtual tour section to walk through every inch of the home from your computer or mobile device.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carver Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k502k

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

Neighborhood: Carver Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $10002306

* 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
C.i. Waggoner School Primary Regular 612 34 8
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Corona Del Sol High School High Regular 2,781 114 7

C.i. Waggoner School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
8
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,084
Property Tax -$434
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$396

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.

$600,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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-$10k-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,809

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
  • $2,333

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1004$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 1024 E Vinedo Lane Tempe, AZ 1
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1857 E Chilton Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 6755 S Poplar Street Tempe, AZ 3
    • 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1974 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1974
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 8342 S Mill Avenue Tempe, AZ 4
    • 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1990
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 1134 E Sunburst Lane Tempe, AZ 5
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kevin Weil
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194022
Last Updated: 02/13/2021
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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