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1444 E Colt Road Tempe, AZ 85284

4 Beds 4 Baths 4,141 sqft Built 1984

$989,500

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $238.95
  • 5 Days on Market
  • MLS # : 6151627
  • Updated Date : 10/31/2020 at 17:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,141 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Fabulous South Tempe contemporary home in coveted Warner Estates custom home community on 1/2-acre lot. This unique home has a stunning, updated kitchen, all new stainless-steel Kitchen Aid appliances with a large dine in the area. The living room's unique architectural beams and dramatic custom metal work is a must see. Formal dining room for entertaining. Most of the home recently painted, Classy Closets in all bedrooms and 16 new windows. Custom features throughout add to the modern luxury feel inside and out, including the new standing seam metal Corten roof and the exterior smooth sand finish stucco and paint. Features a 700 SF self-contained studio - perfect for home business or separate suite with private grand entrance and tons of built in storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Warner Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k882k

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

Neighborhood: Warner Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $10003693

* 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
C.i. Waggoner School Primary Regular 612 34 8
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Corona Del Sol High School High Regular 2,781 114 7

C.i. Waggoner School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
8
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$890,550$1,088,450$989,500

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,651
Property Tax -$715
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
-$892

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$989,500

PROJECTED PRICE

$3,680

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,968

INVESTMENT

$267,968

Down Payment
$247,375
Rehab Estimate
$5,750
Closing Costs
$14,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,651

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,375
Loan Amount $742,125
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,940

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
  • $4,431

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,500
$4,500
RENT COMPS ANALYSIS
  • 1444 E Colt Road Tempe, AZ 1
    • 4 beds 4 baths ∙ 4,141 Sqft ∙ Built 1984 4 beds 4 baths ∙ 4,141 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2035 E Ranch Road Tempe, AZ 2
    • 5 beds 5 baths ∙ 4,212 Sqft ∙ Built 1981 5 beds 5 baths ∙ 4,212 Sqft ∙ Built 1981
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Diana Keller
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151627
Last Updated: 10/31/2020
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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