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1061 E Carver Road Tempe, AZ 85284

4 Beds 3 Baths 3,808 sqft Built 1981

$795,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $208.77
  • 3 Days on Market
  • MLS # : 6154372
  • Updated Date : 11/21/2020 at 13:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,808 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Looking for location and horse property?! Rare opportunity to customize your dream home on an acre in prime Tempe*This quality, single level brick built home offers over 3800 sq. ft. with four bedrooms, plus office, three full baths, two cozy family rooms with fire places, formal dining, two RV gates and backs to community bridle paths*One bed/bath is secluded with own entrance/exit to backyard-ideal for guests or as a second master bedroom*Home has newer water heaters, A/C units and roof and is on city sewer*Bring your designer touch and personalize your forever overall package*This highly sought after Tempe location, large single level floor plan, on an irrigated acre and this N/S exposed home site makes this a HOT property*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buena Vista Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Buena Vista Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $10003693

* 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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,933
Property Tax -$646
Property Insurance -$101
HOA -$22
Property Management Fees -$99
CASH FLOW
-$801

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$795,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,000
$3,000
RENT COMPS ANALYSIS
  • 1061 E Carver Road Tempe, AZ
    • 4 beds 3 baths ∙ 3,808 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,808 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Joanna Olcott
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154372
Last Updated: 11/21/2020
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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