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1403 E Dunbar Drive Tempe, AZ 85282

4 Beds 2 Baths 2,017 sqft Built 1971

$514,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $254.83
  • 4 Days on Market
  • MLS # : 6192720
  • Updated Date : 02/12/2021 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,017 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Looking for a completely renovated home, from top to bottom, inside & outside, and in the heart of Tempe and located near virtually everything?!?!? This is it! Beautiful single story 2017' sq foot home. (4) Bedroom (2) bath home on HUGE corner lot. No HOA!The owners spared no expense in the renovation (both inside and outside) and it shows! Pls check the document section for a complete list of improvements. New floors, kitchen (and appliances) , bathrooms, fixtures etc. Backyard completely remodeled as well as fresh new pool remodel with Pebble Tec & New pool equipment Walking distance to Arrondondo Elementary School & park. Brand new retail and restaurants and Alamo Cinema with bar and food just built last year. Right next to the 60 entrance. major attractions and ASU!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kiwanis - the Lakes

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k358k

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

Neighborhood: Kiwanis - the Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9681981

* 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
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Arredondo Elementary School

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

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$462,600$565,400$514,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,785
Property Tax -$339
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$309

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.

$514,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,960

INVESTMENT

$141,960

Down Payment
$128,500
Rehab Estimate
$5,750
Closing Costs
$7,710

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,785

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,500
Loan Amount $385,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,972

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$1,9804$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 1403 E Dunbar Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.98
    •  
  • 1306 E Fremont Drive Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1970
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 4420 S Elm Street Tempe, AZ 2
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 1970
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 4424 S Willow Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1969
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 5434 S Hurricane Court Tempe, AZ 5
    • 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 1979
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
David B Goldberg
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192720
Last Updated: 02/12/2021
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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