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1416 E Minton Drive Tempe, AZ 85282

4 Beds 4 Baths 2,360 sqft Built 1971

$399,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $169.07
  • 2 Days on Market
  • MLS # : 6182056
  • Updated Date : 01/16/2021 at 20:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,360 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Fantastic 4bed/3.5bath tri-level home available in Tempe. Step inside the beautifully remodeled interior with wood look flooring, crisp white and an open concept floorplan. Stylish kitchen boasts stainless steel appliances, mosaic tile backsplash, a plethora of white shaker style cabinetry, gorgeous counter tops and pendant lighting over the large island with breakfast bar seating. Making it ideal for gathering with friends and family. Bedrooms are generously sized and offer flexibility. Step out to the patio and enjoy the low maintenance backyard. Two brand new patio glass sliders and recently replaced windows throughout. Perfect for pets and play. Great location, easy access to freeways, shopping, dining, schools, golf and so much more. Do not miss out on this gem.

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,386
Property Tax -$263
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$419

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.

$399,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.56%

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$65,283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,484

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3954$2,3955$2,570
$2,570
RENT COMPS ANALYSIS
  • 1416 E Minton Drive Tempe, AZ 1
    • 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3715 S Dorsey Lane Tempe, AZ 2
    • 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1968 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1968
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 1811 E Yale Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1974
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.08
    •  
  • 1935 E Riviera Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.07
    •  
  • 1303 E Donner Drive Tempe, AZ 5
    • 5 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.09
    •  
PROPERTY LISTING DETAILS
Greg Sidoff
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182056
Last Updated: 01/16/2021
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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