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1039 E Brentrup Drive Tempe, AZ 85283

4 Beds 3 Baths 2,138 sqft Built 1995

$429,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $200.65
  • 12 Days on Market
  • MLS # : 6149903
  • Updated Date : 10/30/2020 at 17:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 2 full , 1 half
Listing Agent

Metro Realty Professionals

Listing Agent's Description

Great south Tempe location with a 4 bedroom, 2.5 bath floor plan. Enter into the bright Living/Dining room with vaulted ceiling. The kitchen includes granite countertops, an island and stainless steel refrigerator, a breakfast area with sliding door access to the back-yard, plus it is open to the family/great room. Also downstairs is a powder room and laundry room that includes the washer and dryer. Upstairs you'll find the master suite with a walk-in closet, a master bath with double sinks and separate tub and shower. The 3 additional bedrooms and the 2nd bath provide additional space for family and/or guests. Outdoors is low maintenance and home is freshly painted (10/2020) and newer roof (10/2018).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkside at the Galleria

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Parkside at the Galleria

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $10001981

* 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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,583
Property Tax -$318
Property Insurance -$69
HOA -$17
Property Management Fees -$99
CASH FLOW
-$125

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.

$429,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$18,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9604$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 1039 E Brentrup Drive Tempe, AZ 3
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.92
    •  
  • 745 E Mcnair Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 1036 E Knight Lane Tempe, AZ 2
    • 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 7745 S Mcallister Avenue Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 1302 E Mcnair Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1984
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ernie Montoya
Metro Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149903
Last Updated: 10/30/2020
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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