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1025 E Bendix Drive Tempe, AZ 85283

3 Beds 2 Baths 1,256 sqft Built 1979

$245,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $195.06
  • 3 Days on Market
  • MLS # : 6170436
  • Updated Date : 12/11/2020 at 15:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,256 sqft
  • Baths : 1 full , 1 half
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Tempe two-story home offers stainless steel appliances. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Premiere South Townhomes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $76k290k

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

Neighborhood: Park Premiere South Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6791703

* 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
Kyrene De Los Ninos College Bound Dual Language Academy Primary Regular 706 40 6
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Marcos De Niza High School High Regular 1,582 76 4

Kyrene De Los Ninos College Bound Dual Language Academy

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

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

Marcos De Niza High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$904
Property Tax -$177
Property Insurance -$52
HOA -$193
Property Management Fees -$99
CASH FLOW
-$5

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.

$245,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,426

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,5954$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 1025 E Bendix Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.13
    •  
  • 731 E Vaughn Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1975
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 6104 S El Camino Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1972
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
  • 632 E Strahan Drive Tempe, AZ 4
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1972
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.12
    •  
  • 6407 S Mcallister Avenue Tempe, AZ 5
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1973
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.17
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170436
Last Updated: 12/11/2020
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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