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110 E Evelyn Lane Tempe, AZ 85284

5 Beds 3 Baths 2,825 sqft Built 1990

$549,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $194.34
  • 3 Days on Market
  • MLS # : 6181613
  • Updated Date : 01/15/2021 at 21:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,825 sqft
  • Baths : 3 full
Listing Agent

Gold Trust Realty

Listing Agent's Description

BEAUTIFUL 5 BEDROOM, 3 CAR GARAGE , SPARKLING POOL, WELL MAINTAINED UNDER WARRANTY SINCE HOUSE WAS PURCHASED IN 2002; TERMITE WARRANTY SINCE 2005. WONDERFUL WARNER RANCH LOCATION WITH COMMUNITY POOL AND JACUZZI, TWO LARGE PARKS AND PLAYGROUNDS, AN ELEMENTARY SCHOOL INSIDE COMMUNITY. HOME FEATURES: ***Kinetico water softener and drinking water station*Granite countertop/backsplash and island*Wood-like floor in kitchen, living, study room and entries*Customized shelves and desk in study room*Both AC units were replaced in Jan 2016*Roof was replaced in Sept 2015***

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k447k

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

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $10002090

* 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 La Mariposa Elementary School Primary Regular 548 29 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Mariposa Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 29
8
GreatSchools Rating

Kyrene Del Pueblo Middle School

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

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,907
Property Tax -$397
Property Insurance -$82
HOA -$88
Property Management Fees -$99
CASH FLOW
-$173

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.

$549,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,486

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 110 E Evelyn Lane Tempe, AZ 2
    • 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
  • 151 E Jeanine Drive Tempe, AZ 1
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.85
    •  
  • 9555 S Palm Drive Tempe, AZ 3
    • 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 98 E Evelyn Lane Tempe, AZ 4
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 5321 W Linda Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 1993
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jason Zhang
Gold Trust Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181613
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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