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1046 E Bluebell Lane Tempe, AZ 85281

4 Beds 2 Baths 2,023 sqft Built 1962

$385,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $190.31
  • 6 Days on Market
  • MLS # : 6185379
  • Updated Date : 01/26/2021 at 04:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,023 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

4 bedroom 2 bathroom home located in Tempe's highly desirable Papago Gardens subdivision minutes from both the 101 & 202 Freeways. Home features a large open and inviting kitchen with granite counter tops perfect for entertaining along with updated resort style bathrooms. Large covered patio opens up to a big pool great for cooling off from the Arizona sun. Come see today! This house is to be sold AS-IS. Investors and flippers are welcome. Will review all offers on 7pm Saturday January 30th

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago - North Tempe

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Papago - North Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800100012001400160018002000Rent in $7112187

* 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
Mcclintock High School High Regular 1,771 81 6

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,337
Property Tax -$274
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$264

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.

$385,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$48,970

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
  • $2,149

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9504$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 1046 E Bluebell Lane Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1441 N El Camino Drive Tempe, AZ 2
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 1504 N El Camino Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1981
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 7831 E Beatrice Street Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 813 N 73rd Place Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.10
    •  
PROPERTY LISTING DETAILS
Heintje Tjahja
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185379
Last Updated: 01/26/2021
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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