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1421 N Sunset Drive Tempe, AZ 85281

3 Beds 2 Baths 2,059 sqft Built 1960

$450,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $218.55
  • 3 Days on Market
  • MLS # : 6190104
  • Updated Date : 02/07/2021 at 04:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,059 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Come see your new home! This 3 bed, 2 bath home boasts 2,059 square feet of living space located perfectly in Tempe, minutes from the ASU campus, Tempe Marketplace & Old Town Scottsdale! Inside you will find 3 generous size rooms, plus a bonus room which easily can be a 4th bedroom or a perfect WFH office! The generous sized master bedroom has a luxurious walk in closet & updated bathroom. Through the kitchen is an open concept floorplan with granite countertops, large peninsula with plenty of cooking space which leads into your living room with vaulted ceilings! The backyard has a sparkling pool & a brand new putting green surface for you to practice your putting or use it for your favorite lawn games!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cavalier Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cavalier Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $8001981

* 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
Mcclintock High School High Regular 1,771 81 6

Mcclintock High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,563
Property Tax -$299
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$68

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.

$450,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,929

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
  • $2,157

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8954$1,9505$2,295
$2,295
RENT COMPS ANALYSIS
  • 1421 N Sunset Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1115 E Bluebell Lane Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 1441 N El Camino Drive Tempe, AZ 3
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 1641 N Circle Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1960
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 813 N 73rd Place Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1961
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.10
    •  
PROPERTY LISTING DETAILS
Daniel Pacconi
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190104
Last Updated: 02/07/2021
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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