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1115 W Pebble Beach Drive Tempe, AZ 85282

3 Beds 2 Baths 1,265 sqft Built 1977

$350,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $276.68
  • 4 Days on Market
  • MLS # : 6189570
  • Updated Date : 02/05/2021 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,265 sqft
  • Baths : 2 full
Listing Agent

Kj Elite Realty

Listing Agent's Description

TEMPE!! Upgraded 3 bedroom, 2 bath home with 335 SF separate outdoor building that would make a great entertainment space, craft room or shop and has AC! Large backyard, NO HOA, new Kitchen with NEW white cabinets, NEW white quartz countertops, stainless steel appliances with new microwave & dishwasher! Bathrooms have been updated and this awesome home boasts NEW paint throughout, NEW baseboards, NEW ceiling fans and lights, NEW blinds, NEW tile flooring, NEW carpet and upgraded pad, newer AC & Roof! Lots of local eateries and great access to local freeways! Don't hesitate to schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern Palms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k290k

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

Neighborhood: Southern Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331703

* 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
Carminati Elementary School Primary Regular 372 24 4
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Carminati Elementary School

  • Education Level: Primary
  • # of students: 372
  • # of teachers: 24
4
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

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

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,216
Property Tax -$231
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$267

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.

$350,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

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.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,467

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,3754$1,5005$1,675
$1,675
RENT COMPS ANALYSIS
  • 1115 W Pebble Beach Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.05
    •  
  • 3407 S Hardy Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1979
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.19
    •  
  • 1438 W La Jolla Drive Tempe, AZ 3
    • 3 beds 3 baths ∙ 1,223 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,223 Sqft ∙ Built 1984
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.12
    •  
  • 3838 S Roosevelt Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1979
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.18
    •  
  • 713 W Hermosa Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1978
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kelly R. Jensen
Kj Elite Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189570
Last Updated: 02/05/2021
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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