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1129 W Donner Drive Tempe, AZ 85282

3 Beds 2 Baths 1,536 sqft Built 1980

$365,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $237.63
  • 2 Days on Market
  • MLS # : 6187613
  • Updated Date : 01/30/2021 at 19:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nicely remodeled 3 bed, 2 bath. Fresh exterior & interior paint, New wood-look tile floors throughout. The eat-in kitchen has new white cabinets, granite counters, SS appliances. Large bonus room. Interior laundry. Pristine bathrooms. The primary bedrooms has a 3/4 bath. The large backyard has a covered patio, and plenty of room to add our personal touches! Close to schools, shopping, dining, and major freeways. This is a perfect starter or investment home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Baseline Hardy

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Baseline Hardy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8221703

* 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
Arredondo Elementary School Primary Regular 350 21 5
Fees College Preparatory Middle School Middle Regular 925 59 4
Tempe High School High Regular 1,550 78 3

Arredondo Elementary School

  • Education Level: Primary
  • # of students: 350
  • # of teachers: 21
5
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Tempe High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,268
Property Tax -$240
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$194

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.

$365,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$7,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,4704$1,4995$1,600
$1,600
RENT COMPS ANALYSIS
  • 1129 W Donner Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.96
    •  
  • 2231 W Fremont Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1974
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.04
    •  
  • 1026 W Pegasus Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1995
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.03
    •  
  • 5025 S Mill Avenue Tempe, AZ 4
    • 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1964
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.98
    •  
  • 940 W Oxford Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Lisa N Lanham
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187613
Last Updated: 01/30/2021
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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