Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1066 W Jeanine Drive Tempe, AZ 85284

3 Beds 2 Baths 1,513 sqft Built 1994

$350,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $231.33
  • 3 Days on Market
  • MLS # : 6159888
  • Updated Date : 11/13/2020 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,513 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This unique single level home now available in desirable Tempe is perfect inside and out. Offering you great curb appeal and low maintenance desert landscaping. Bright and welcoming interior is a dream come true, complete with 3 bed, 2 bath, vaulted ceilings, so much natural light, neutral color palette, and open concept living/dining area. Enjoy cooking in this fully renovated kitchen providing brand new appliances, recessed lighting, granite counter-tops, back-splash, bay windows, breakfast bar, and white cabinetry. Unique master bedroom includes a luxurious full bath with separate tub, glass step-in shower, dual sinks, walk-in closet, and private exit. Perfectly sized backyard with covered patio and new sparkling blue pool is ready for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k410k

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

Neighborhood: Sierra Tempe

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 Las Manitas School Primary Regular 597 37 6
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Manitas School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 37
6
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,291
Property Tax -$253
Property Insurance -$57
HOA -$48
Property Management Fees -$99
CASH FLOW
-$288

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.

$350,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4213$1,4604$1,5995$1,600
$1,600
RENT COMPS ANALYSIS
  • 1066 W Jeanine Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.96
    •  
  • 500 N Roosevelt Avenue #134 Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 500 N Roosevelt Avenue #11 Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1994
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,421
    • $0.93
    •  
  • 6905 W Harrison Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 1996
    property image
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 8877 S Myrtle Avenue Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1988
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Eric Vaughn Hegan
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159888
Last Updated: 11/13/2020
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.

BESbswy